What To Expect From FOX's (FOXA) Q4 Earnings

Cable news and media network Fox (NASDAQ:FOXA) will be announcing earnings results this Wednesday morning. Here’s what to expect.

FOX beat analysts’ revenue expectations by 4.6% last quarter, reporting revenues of $3.74 billion, up 4.9% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA 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 $5.09 billion, slowing from the 19.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 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 3.1% on average.

Looking at FOX’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Apple delivered year-on-year revenue growth of 15.7%, beating analysts’ expectations by 4.1%, and Deckers reported revenues up 7.1%, topping estimates by 4.7%. Apple’s stock price was unchanged after the resultswhile Deckers was up 19.2%.

Read our full analysis of Apple’s results here and Deckers’s results here.

Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. FOX is down 4.3% during the same time and is heading into earnings with an average analyst price target of $73.22 (compared to the current share price of $72.38).

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