Cable news and media network Fox (NASDAQ: FOXA) will be reporting earnings this Thursday before the bell. Here’s what you need to know.
FOX beat analysts’ revenue expectations by 5.5% last quarter, reporting revenues of $3.29 billion, up 6.3% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ adjusted operating income estimates and a beat of analysts’ EPS estimates.
Is FOX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting FOX’s revenue to be flat year on year at $3.57 billion, slowing from the 11.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.10 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FOX has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.6% on average.
Looking at FOX’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 6.5%, and VF Corp reported a revenue decline of 3.5%, topping estimates by 0.9%. Nike traded up 6.5% following the results.
Read our full analysis of Nike’s results here and VF Corp’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.4% on average over the last month. FOX is down 2.8% during the same time and is heading into earnings with an average analyst price target of $64.09 (compared to the current share price of $61.11).
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