We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Fox (FOXA) Q3 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Fox (FOXA - Free Report) reported $3.45 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 15.6%. EPS of $1.09 for the same period compares to $0.94 a year ago.
The reported revenue represents a surprise of +0.22% over the Zacks Consensus Estimate of $3.44 billion. With the consensus EPS estimate being $0.98, the EPS surprise was +11.22%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Fox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Segment Revenues- Cable Network Programming: $1.47 billion compared to the $1.47 billion average estimate based on three analysts. The reported number represents a change of -6.2% year over year.
Segment Revenues- Television: $1.94 billion versus the three-analyst average estimate of $1.94 billion. The reported number represents a year-over-year change of -21.7%.
Segment Revenues- Other, Corporate and Eliminations: $37 million compared to the $39.59 million average estimate based on three analysts. The reported number represents a change of -5.1% year over year.
Revenues- Cable Network Programming - Affiliate fee: $1.10 billion versus $1.10 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1% change.
Revenues- Cable Network Programming - Advertising: $296 million versus $299.27 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.3% change.
Revenues by Component- Other: $274 million versus $262.72 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -22.2% change.
Revenues- Television - Advertising: $939 million versus the three-analyst average estimate of $957.33 million. The reported number represents a year-over-year change of -39.8%.
Revenues- Television - Affiliate fee: $834 million compared to the $827.31 million average estimate based on three analysts. The reported number represents a change of +9.2% year over year.
Revenues- Television - Other: $165 million versus $151.67 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.6% change.
Revenues by Component- Affiliate fee: $1.94 billion compared to the $1.93 billion average estimate based on three analysts. The reported number represents a change of +4.4% year over year.
Revenues by Component- Advertising: $1.24 billion versus $1.26 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -34.1% change.
Revenues- Cable Network Programming - Other: $72 million compared to the $71.46 million average estimate based on three analysts. The reported number represents a change of -55.3% year over year.
Shares of Fox have returned +3.1% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Fox (FOXA) Q3 Earnings: A Look at Key Metrics
Fox (FOXA - Free Report) reported $3.45 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 15.6%. EPS of $1.09 for the same period compares to $0.94 a year ago.
The reported revenue represents a surprise of +0.22% over the Zacks Consensus Estimate of $3.44 billion. With the consensus EPS estimate being $0.98, the EPS surprise was +11.22%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Fox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Segment Revenues- Cable Network Programming: $1.47 billion compared to the $1.47 billion average estimate based on three analysts. The reported number represents a change of -6.2% year over year.
- Segment Revenues- Television: $1.94 billion versus the three-analyst average estimate of $1.94 billion. The reported number represents a year-over-year change of -21.7%.
- Segment Revenues- Other, Corporate and Eliminations: $37 million compared to the $39.59 million average estimate based on three analysts. The reported number represents a change of -5.1% year over year.
- Revenues- Cable Network Programming - Affiliate fee: $1.10 billion versus $1.10 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1% change.
- Revenues- Cable Network Programming - Advertising: $296 million versus $299.27 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.3% change.
- Revenues by Component- Other: $274 million versus $262.72 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -22.2% change.
- Revenues- Television - Advertising: $939 million versus the three-analyst average estimate of $957.33 million. The reported number represents a year-over-year change of -39.8%.
- Revenues- Television - Affiliate fee: $834 million compared to the $827.31 million average estimate based on three analysts. The reported number represents a change of +9.2% year over year.
- Revenues- Television - Other: $165 million versus $151.67 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.6% change.
- Revenues by Component- Affiliate fee: $1.94 billion compared to the $1.93 billion average estimate based on three analysts. The reported number represents a change of +4.4% year over year.
- Revenues by Component- Advertising: $1.24 billion versus $1.26 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -34.1% change.
- Revenues- Cable Network Programming - Other: $72 million compared to the $71.46 million average estimate based on three analysts. The reported number represents a change of -55.3% year over year.
View all Key Company Metrics for Fox here>>>Shares of Fox have returned +3.1% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.