Fox Likely To Post Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Fox Corporation (NASDAQ:FOXA) is expected to report lower Q2 earnings at 72 cents per share, down from 74 cents per share a year ago. The company's revenue is projected to be $3.03 billion. Fox shares rose 0.1% to close at $33.08 on Monday. Several analysts have recently adjusted their price targets for the company, with the most accurate analysts maintaining neutral ratings and price targets ranging from $35 to $37.
August 08, 2023 | 7:32 am
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NEUTRAL IMPACT
Fox Corporation is expected to report lower Q2 earnings, which could potentially impact the stock negatively. However, the stock rose 0.1% recently and analysts maintain neutral ratings with price targets between $35-$37.
The expected lower earnings could potentially have a negative impact on the stock. However, the recent rise in stock price and the maintained neutral ratings from analysts suggest a balanced outlook. The price targets set by analysts are above the current stock price, indicating potential for growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100