Fox Corporation reported its fiscal fourth-quarter adjusted earnings of 74 cents, which fell short of the Zacks Consensus Estimate by 6.3%. The figure is +13.8% higher year over year.
Revenues rose +4.9% year over year to $3.03 billion, but missed the Zacks consensus estimate by 0.8%.
The company’s Affiliate fees (56.9% of revenues) increased +3.7% to $1.72 billion. Revenues from Advertising (34.8% of revenues) rose +7.4% to $1.05 billion. Other revenues (8.3% of revenues) were +3.7% higher from the year-ago quarter’s levels to $252 million.
The Moving Average Convergence Divergence (MACD) for FOXA turned positive on May 22, 2023. Looking at past instances where FOXA's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FOXA's RSI Oscillator exited the oversold zone, of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 50 cases where FOXA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FOXA advanced for three days, in of 256 cases, the price rose further within the following month. The odds of a continued upward trend are .
FOXA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on June 01, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FOXA as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FOXA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for FOXA entered a downward trend on May 23, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.551) is normal, around the industry mean (4.164). P/E Ratio (14.641) is within average values for comparable stocks, (73.786). Projected Growth (PEG Ratio) (2.301) is also within normal values, averaging (2.625). Dividend Yield (0.016) settles around the average of (0.059) among similar stocks. P/S Ratio (1.143) is also within normal values, averaging (111.483).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FOXA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FOXA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of television production and broadcasting services
A.I.dvisor indicates that over the last year, FOXA has been closely correlated with FOX. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if FOXA jumps, then FOX could also see price increases.
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