Will Fox (FOX) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Fox Corporation is well-positioned to continue its earnings-beat streak, particularly in the upcoming report, with an average surprise of 17.63% over the last two quarters [1][3] Earnings Performance - In the last reported quarter, Fox achieved earnings of $1.45 per share, exceeding the Zacks Consensus Estimate of $1.10 per share, resulting in a surprise of 31.82% [2] - In the previous quarter, Fox's earnings were $0.90 per share against an expected $0.87 per share, delivering a surprise of 3.45% [2] Earnings Estimates - Recent estimates for Fox have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong potential for an earnings beat [3][6] - The current Earnings ESP for Fox is +1.64%, reflecting increased analyst optimism regarding its near-term earnings potential [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [5] Investment Considerations - A positive Earnings ESP combined with a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat for Fox [6] - It is important for investors to check a company's Earnings ESP prior to quarterly releases to enhance the probability of successful investment decisions [7]