Fox Corporation ($FOXA) Stock Forecast: Up 5.7% Today

What is Fox Corporation?

FOXA Stock Market Movement Today: Bullish FOXA, a leading media company, recently confirmed robust financial performance in the fourth quarter of 2024 through its subsidiaries, such as Fox News, Fox Sports, and Tubi.

Why is Fox Corporation going up?

FOXA stock is up 5.7% on Aug 6, 2024 16:58

• Earnings per share for Fox Corporation exceeded analyst projections at 90 cents, primarily fueled by the growth in affiliate fees and Tubi.
• Despite a slight miss in revenue forecasts, the strong EPS performance likely fueled the bullish trend in the stock.
• Investor optimism may have been further bolstered by Jim Cramer's positive outlook on Fox Corporation within the media landscape, attributing potential success to increased viewership and political advertising expenditures ahead of the next presidential election.

FOXA Price Chart

FOXA Technical Analysis

FOXA News

FOX Stock Earnings: Fox Reported Results for Q4 2024

Fox (NASDAQ: FOX ) just reported results for the fourth quarter of 2024. Fox reported earnings per share of 90 cents. The company reported revenue of $3.09 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace Legendary Investor Predicts: “Forget AI… THIS Technology Is the Future” The post FOX Stock Earnings: Fox Reported Results for Q4 2024 appeared first on InvestorPlace .

https://investorplace.com/earning-results/2024/08/fox-stock-earnings-fox-for-q4-of-2024/

FOXA Stock Earnings: Fox Beats EPS, Misses Revenue for Q4 2024

Fox (NASDAQ: FOXA ) just reported results for the fourth quarter of 2024. Fox reported earnings per share of 90 cents. This was above the analyst estimate for EPS of 81 cents. The company reported revenue of $3.09 billion. This was 0.26% worse than the analyst estimate for revenue of $3.10 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace Legendary Investor Predicts: “Forget AI… THIS Technology Is the Future” The post FOXA Stock Earnings: Fox Beats EPS, Misses Revenue for Q4 2024 appeared first on InvestorPlace .

https://investorplace.com/earning-results/2024/08/foxa-stock-earnings-fox-for-q4-of-2024/

Fox''s Earnings Beat Estimates, Driven by Affiliate Fees, Tubi Growth

Fox Corporation shares gained Tuesday after the media company reported better-than-expected earnings, driven by growth in affiliate fees and its Tubi free TV and movie streaming service.

https://www.investopedia.com/fox-earnings-beat-estimates-driven-by-affiliate-fees-tubi-growth-8690842

Fox Corp (FOXA) Q4 2024: Everything You Need to Know Ahead of Earnings

Fox Corp (FOXA) Q4 2024: Everything You Need to Know Ahead of Earnings

https://www.gurufocus.com/news/2492247/fox-corp-foxa-q4-2024-everything-you-need-to-know-ahead-of-earnings

Jim Cramer Selects 3 Media Stock Winners As Tight Race Between Trump And Kamala Harris Unfolds: ''About To Be Inundated With Both Viewers And Political Ad Dollars''

In a recent episode of CNBC’s “Mad Money,” host Jim Cramer suggested that three media stocks are likely to perform well in the lead-up to the upcoming presidential election. What Happened : Cramer, who is known for his stock recommendations, highlighted Fox Corporation (NASDAQ: FOX ) (NASDAQ: FOXA ), The New York Times Company (NYSE: NYT ), and Nexstar Media Group (NASDAQ: NXST ) as potential winners in the media sector, CNBC reported on Wednesday. He pointed out that the upcoming election could significantly impact these companies, with increased viewership and political ad spending likely to boost their revenues. "As much as I really do loathe talking politics on the show, I think the suddenly close election gives you an opportunity to try to profit from some of the media stocks that are about to be inundated with both viewers and political ad dollars," he said. Regarding Fox, Cramer emphasized the potential growth from its live programming, particularly sports and news, due to its .

https://www.benzinga.com/markets/equities/24/07/40087979/jim-cramer-selects-3-media-stock-winners-as-tight-race-between-trump-and-kamala-harris-unfolds-a

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Fox Corporation Price History

03.10.2023 - FOXA Stock was up 5.0%

• The bullish movement in FOXA's stock today could be attributed to several factors:
• Strong Q1 2024 earnings: Fox Corporation reported better-than-expected earnings for the first quarter, with revenue beating consensus estimates. This positive financial performance likely contributed to the bullish market movement.
• Revenue boost from FIFA Women's World Cup: The broadcast of the FIFA Women's World Cup may have provided a revenue boost for Fox Corporation, as affiliate revenues increased by 2% year-on-year. This positive news could have further fueled investor optimism.
• Decrease in expenses: Despite a drop in profit, Fox Corporation managed to beat estimates, which could be attributed to cost-cutting measures or improved operational efficiency. This positive outcome might have instilled confidence in investors.
• Overall market sentiment: It's also important to consider the overall market sentiment, as positive market conditions and investor optimism can influence the movement of individual stocks.

08.01.2024 - FOXA Stock was down 6.6%

• FuboTV shares experienced a massive dip of over 22% following the recent announcement regarding the collaboration between Fox Corporation, Walt Disney Company, and Warner Bros. Discovery. This news might have had a negative impact on FOXA's stock.
• Disney's disappointing top-line and subscriber growth also had an effect on the market sentiment, which could have contributed to the bearish movement of FOXA.
• The mixed Q2 results and the launch of a sports platform by Fox Corporation might have influenced the market sentiment negatively, leading to the bearish movement of FOXA.
• The overall market trend, as seen in the S&P 500 nearing 5,000 points, might have also influenced the bearish movement of FOXA.

07.01.2024 - FOXA Stock was down 5.3%

• FOXA reported a decrease in advertising revenues by 20% due to the absence of major events like the FIFA Men's World Cup and the 2022 midterm elections.
• However, FOXA beat earnings and revenue estimates for Q2, which led to a slight increase in shares.
• The decline in revenue and EBITDA also contributed to the bearish movement.
• The overall market sentiment might have been influenced by the mixed results and the absence of significant advertising opportunities.

08.01.2024 - FOXA Stock was down 6.6%

• Fox Corporation's stock experienced a bearish movement today.
• The bearish movement could be attributed to the announcement of a new major sports streaming service by ESPN, Fox, and Warner Bros. Discovery. This collaboration poses a threat to FuboTV, a competitor known for its sport-focused livestreaming, and could impact Fox Corporation's streaming offerings.
• The disappointing top-line and subscriber growth reported by Disney may have also contributed to the bearish movement, as Fox Corporation operates in the same industry and may be affected by overall market sentiment towards media companies.
• The mixed Q2 results reported by Fox Corporation and the launch of their sports platform could have influenced investor sentiment and contributed to the bearish movement.

10.10.2023 - FOXA Stock was down 5.0%

• The bearish movement in FOXA stock could be attributed to the overall market sentiment towards entertainment stocks, which are facing challenges due to changing consumer preferences and the rise of streaming platforms.
• The appointment of Adam Ciongoli as Fox Corporation's chief legal and policy officer may not have directly influenced the bearish movement in the stock.
• The articles discussing the valuation of FOXA as a hidden gem in the market may not have had an immediate impact on the bearish movement, as market sentiment seems to be outweighing potential value.
• Overall, the bearish movement in FOXA could be a reflection of the broader concerns and challenges faced by the entertainment industry.

01.08.2023 - FOXA Stock was down 5.4%

• The bearish movement in FOXA could be attributed to the negative impact of former President Donald Trump's decision to skip the GOP debate. This decision might have raised concerns among investors about the network's viewership and potential political influence.
• The viral mugshot of Trump, along with the news of his indictment on criminal charges, has dominated the media landscape. This intense focus on Trump might have overshadowed other news stories, leading to a decline in viewership and subsequently affecting FOXA's stock performance.
• Despite being a leading conservative news network, FOXA's struggles this week could be due to the perception that it is not capitalizing on the current political climate as effectively as its competitors. This might have eroded investor confidence in the stock.
• In summary, the bearish movement in FOXA today can be attributed to the combination of Trump's decision to skip the debate, the dominance of his mugshot in the media, and concerns about FOXA's ability to capitalize on the current political landscape.

08.01.2024 - FOXA Stock was down 6.6%

• Fox Corporation's stock experienced a strong bearish movement today.
• The bearish movement could be attributed to the announcement of a new sports streaming platform by ESPN, Fox, and Warner Bros. Discovery. This joint venture poses a threat to FuboTV, one of Fox Corporation's competitors in the sports streaming space.
• The new streaming platform is expected to include offerings from at least 15 networks and all four major professional sports leagues, potentially replicating much of what FuboTV has to offer.
• The market may be reacting negatively to the potential impact of this new competition on Fox Corporation's sports streaming business.

07.01.2024 - FOXA Stock was down 6.6%

• Fox Corporation reported mixed Q2 results and launched a sports platform, which could have had a positive impact on the stock. However, the bearish movement suggests that other factors outweighed these developments.
• FuboTV, a competitor of Fox Corporation, experienced a significant drop in its stock price after ESPN, Fox, and Warner Bros. Discovery announced a new major sports streaming service. This could have negatively affected Fox Corporation's stock as well, given its involvement in the sports industry.
• The decline in ad revenue, particularly due to the absence of the FIFA Men's World Cup and lower political advertising revenues, could have contributed to the bearish movement in Fox Corporation's stock.
• Despite beating earnings and revenue estimates for Q2, the slight increase in shares suggests that the overall market sentiment might have been bearish, impacting Fox Corporation's stock as well.

07.01.2024 - FOXA Stock was down 5.9%

• FuboTV (FUBO) stock plunged 20% today after ESPN, Fox, and Warner Bros. Discovery announced a new major sports streaming service. This announcement is seen as a negative development for FuboTV, which prides itself on being a platform to stream live sports.
• The joint venture between ESPN, Fox, and Warner Bros. Discovery is expected to replicate much of what FuboTV has to offer, posing a significant challenge to FuboTV's sports streaming aspirations.
• The new sports streaming platform, set to launch in the fall, will include offerings from at least 15 networks and all four major professional sports leagues. This one-stop app for sports streaming is likely to attract fans who currently subscribe to multiple services.
• Fox Corporation's Q2 TV ads market struggled as ad revenue slumped 20%, primarily due to the absence of the FIFA Men's World Cup at FOX Sports and lower political advertising revenues. However, Fox Corp. beat earnings and revenue estimates for Q2, which resulted in shares being slightly up.

08.07.2023 - FOXA Stock was up 5.0%

• The bullish movement in FOXA's stock today can be attributed to positive financial results and strong performance. The company reported higher earnings for its fourth quarter, beating Street estimates. Additionally, the company's full-year fiscal 2023 revenues and net income were also impressive. These positive financial indicators likely boosted investor confidence and contributed to the bullish market movement.
• Fox Corporation reported higher earnings for its fourth quarter, beating estimates.
• The company's full-year fiscal 2023 revenues and net income were impressive.
• Positive financial results likely boosted investor confidence and contributed to the bullish market movement.
• The mention of Bitcoin in a "Simpsons" episode aired on Fox might have also generated some interest in the company's stock.

06.07.2024 - FOXA Stock was up 5.7%

• Earnings per share for Fox Corporation exceeded analyst projections at 90 cents, primarily fueled by the growth in affiliate fees and Tubi.
• Despite a slight miss in revenue forecasts, the strong EPS performance likely fueled the bullish trend in the stock.
• Investor optimism may have been further bolstered by Jim Cramer's positive outlook on Fox Corporation within the media landscape, attributing potential success to increased viewership and political advertising expenditures ahead of the next presidential election.

06.07.2024 - FOXA Stock was up 5.2%

• FOXA stock experienced a strong bullish movement. This could be attributed to a recommendation made on a popular finance show, where Fox Corporation was highlighted as a promising player in the media sector leading up to the upcoming presidential election.
• The anticipation of heightened viewership and political ad spending due to the competitive election race may have bolstered investor confidence in FOXA's growth potential.
• The strong emphasis on live sports and news programming at Fox might have contributed to the positive market sentiment and upward movement in the stock.
• Overall, the bullish trend in FOXA appears to be driven by potential revenue growth opportunities stemming from the upcoming election dynamics and the company's strategic position in the media industry.