Why Fox (FOXA) is Poised to Beat Earnings Estimates Again

Group 1 - Fox has a strong track record of exceeding earnings estimates, with an average surprise of 38.58% over the past two quarters [1][2] - In the most recent quarter, Fox reported earnings of $0.96 per share, surpassing the expected$0.65 per share by 47.69% [2] - For the previous quarter, Fox's actual earnings were $1.45 per share, exceeding the consensus estimate of$1.12 per share by 29.46% [2] Group 2 - Recent estimates for Fox have been increasing, indicating a positive outlook for future earnings [5] - The Zacks Earnings ESP for Fox is currently +6.67%, suggesting analysts are optimistic about its near-term earnings potential [8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of beating consensus estimates [6] Group 3 - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7] - A positive Earnings ESP combined with a Zacks Rank of 2 (Buy) indicates a strong possibility of another earnings beat for Fox [8] - It is important for investors to check a company's Earnings ESP before quarterly releases to improve the likelihood of success [9]