Fox Corp reports results for the quarter ended June 30 - Earnings Summary

• Fox Corp FOX reported quarterly adjusted earnings of $1.27​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 90 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 99 cents per share. Wall Street expected results to range from 87 cents to $1.12 per share.

• Revenue rose 6.3% to $3.29 billion from a year ago; analysts expected $3.12 billion.

• Fox Corp's reported EPS for the quarter was $1.57​.

• The company reported quarterly net income of $717 million.

• Fox Corp shares had risen by 1.7% this quarter and gained 17.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 13 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the broadcasting peer group is "buy."

• Wall Street's median 12-month price target for Fox Corp is $60.50, about 5.8% above its last closing price of $56.98

This summary was machine generated from LSEG data August 5 at 02:06 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)