New York-based Fox Corporation (FOX) operates as a news, sports, and entertainment company. Valued at $20.9 billion by market cap, the company produces and licenses news, sports, and entertainment content for distribution through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors. It also manages broadcast studios, theaters, editing bays, sound stages, and other production facilities. The media giant is expected to announce its fiscal second-quarter earnings for 2025 on Wednesday, Feb. 5.
Ahead of the event, analysts expect FOX to report a profit of $0.61 per share on a diluted basis, up 79.4% from $0.34 per share in the year-ago quarter. The company beat the consensus estimates in the last two quarters.
For the full year, analysts expect FOX to report EPS of $3.91, up 14% from $3.43 in fiscal 2024. However, its EPS is expected to decline 3.6% year over year to $3.77 in fiscal 2026.
FOX stock has outperformed the S&P 500’s ($SPX) 22% gains over the past 52 weeks, with shares up 59.8% during this period. Similarly, it outperformed the Communication Services Select Sector SPDR ETF Fund’s (XLC) 29.9% gains over the same time frame.
The strong performance of FOX can be attributed to a boost in Television segment affiliate fees, increased revenue from Tubi, higher political ad revenues, and successful sports broadcasts such as the UEFA European Championship and Copa América, which has impressed investors. Additionally, FOX has announced plans to launch Venu, a sports streaming service, which is expected to further contribute to their success.
On Nov. 4, FOX shares closed up more than 2% after reporting its Q1 results. Its revenue stood at $3.6 billion, up 11.1% year over year. The company’s adjusted EPS increased 33% year over year to $1.45.
Analysts’ consensus opinion on FOX stock is moderately bullish, with a “Moderate Buy” rating overall. Out of 10 analysts covering the stock, six advise a “Strong Buy” rating, and four give a “Hold.” FOX’s average analyst price target is $48.22, indicating a potential upside of 5% from the current levels.
