Fox Corporation (NASDAQ:FOXA) is set to announce fourth quarter earning results on Tuesday 4th August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FOXA to report 4Q20 income of $ 0.57 per share.
For the full year, analysts anticipate top line of $ 12258.70 million, while looking forward to income of $ 2.43 per share bottom line.
Previous Quarter Performance
Fox Corporation came out with income for the third quarter of $ 0.93 per share, from the revenue of $ 3,440.00 million. The quarterly earnings boosted 22.37 percent while revenues up 32.05 percent compared with the same quarter last year.
According to street consensus, FOXA was expected to report 3Q20 income of $ 0.71 per share from revenue of $ 3337.02 million. The bottom line results beat street analysts by $ 0.22 or 30.99 percent, at the same time, top line results outshined analysts by $ 102.98 million or 3.09 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FOXA was $ 26.36, representing a 33.06 % increase from the 52 week low of $ 19.81 and a 33.67 % decrease over the 52 week high of $ 39.74.
The company has a market capital of $ 15.91 billion and is part of the Consumer Cyclical sector and Broadcasting – TV industry.
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Recent Analyst recommendations
- On 13th July 2020, initiated by Goldman Sachs Group at Sell rating, with $ 21.00 target price.
- On 19th June 2020, upgraded by Macquarie to Neutral from Underperform rating.
- On 18th June 2020, maintained by Citigroup at Neutral rating, with $ 31.00 target price.
Conference Call
Fox Corporation will be hosting a conference call at 5:30 PM eastern time on 4th August 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.foxcorporation.com
Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
