Fox Corporation (FOXA), headquartered in New York, is a major player in the media and entertainment industry. With a market cap of $19.74 billion, Fox plays a vital role in the sector, offering a broad range of news, sports, and entertainment content through its various platforms, including television networks, digital platforms, and live events.
Companies valued at $10 billion or more are typically classified as "large-cap" stocks, and Fox Corporation is a prime example. Fox focuses on delivering innovative and engaging content, with its strategy centered around providing high-quality news, sports, and entertainment through various media platforms, catering to diverse audiences worldwide.
FOXA shares are trading marginally below their 52-week high of $42.44, which they hit on Sep. 24. Also, the stock has gained 22.9% over the past three months, outperforming the Dow Jones Industrial Average Index’s ($DOWI) 7.8% returns over the same time frame.
In the longer term, FOXA is up 42.6% on a YTD basis, and the shares have gained 36.7% over the past 52 weeks. The Dow has gained 11.9% in 2024 and 25.5% over the past year.
FOXA has been trading above its 50-day moving average since mid-April and 200-day moving average since late April, which confirms its bullish trend.
On Aug. 6, FOXA reported its Q4 results. Its adjusted EPS of $0.90 beat the consensus estimates of $0.83. The company’s revenue of $3.09 billion fell short of Wall Street forecasts of $3.10 billion. FOXA shares gained 6.7% on the day the results were released.
Highlighting the contrast in performance, rival The Walt Disney Company (DIS) has underperformed the stock, with an 18.9% gain over the 52 weeks.
Given FOXA's recent outperformance compared to the Dow, analysts are moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy" from 22 analysts in coverage. The mean price target is $39.94, which indicates that the stock trades at a premium.
On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
