Fox Corporation (FOX) Hit a 52 Week High, Can the Run Continue?

Core Viewpoint - Fox Corporation has shown strong stock performance, with a 33.1% increase since the beginning of the year, outperforming both the Zacks Consumer Discretionary sector and the Zacks Broadcast Radio and Television industry [1] Financial Performance - Fox reported an EPS of $1.51 in its last earnings report, exceeding the consensus estimate of $1.06, marking a positive earnings surprise for the last four quarters [2] - For the current fiscal year, Fox is expected to post earnings of $4.46 per share on revenues of $15.99 billion, reflecting a -6.69% change in EPS and a -1.93% change in revenues [3] - The next fiscal year projections indicate earnings of $5.02 per share on revenues of $16.55 billion, representing a year-over-year change of 12.56% in EPS and 3.55% in revenues [3] Valuation Metrics - Fox's current trading metrics include a P/E ratio of 13.7X for the current fiscal year EPS estimates, below the peer industry average of 14.9X, and a trailing cash flow basis P/E of 10.5X compared to the peer group's average of 4.8X [7] - The stock has a PEG ratio of 1.35, positioning it favorably among value investors [7] Zacks Rank and Style Scores - Fox holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, which aligns with the recommendation for investors to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [8] - The stock has a Value Score of A, a Growth Score of C, and a Momentum Score of F, resulting in a combined VGM Score of B [6] Industry Comparison - Fox Corporation's peer, Fox Corporation (FOXA), also has a Zacks Rank of 1 (Strong Buy) and a Value Score of A, indicating a competitive position within the industry [9] - FOXA is expected to post earnings of $4.41 per share on revenues of $16.08 billion for the current fiscal year, with shares gaining 3.7% over the past month [10]