Key Factors Affecting 21st Century Fox (FOXA) Q3 Earnings
Zacks Investment Research | May 07, 2018 08:04AM ET
Twenty-First Century Fox (NASDAQ:FOXA) is expected to release third-quarter fiscal 2018 results on May 9.
The company has agreed to sell Twentieth Century Fox, Fox Searchlight, Fox 2000, FX Networks, Fox Sports Regional Networks, Fox Networks Group International, Star India, and 21st Century Fox’s interests in National Geographic Partners, Hulu, Sky, Tata Sky and Endemol Shine Group to The Walt Disney Company (NYSE:DIS) .
Moreover, Twenty-First Century Fox plans to spin-off Fox News Channel, Fox Business Network, Fox Broadcasting company, Fox Sports, Fox Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network (BTN) into a new “Fox”. The new company will also include Twenty-First Century Fox’s studio lot in Los Angeles and equity investment in Roku.
Moreover, the company is also bidding for the remaining shares of Sky Plc (LON:SKYB), which it anticipates to wrap up by Jun 30, 2018.
However, bidding war between the company and Comcast (NASDAQ:CMCSA) is expected to intensify as the cable giant recently submitted a $31-billion offer for Sky.
Earnings History & Q3 Trend
Twenty-First Century Fox has beaten the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 9.28%.
In the last reported quarter, the company delivered earnings of 42 cents per share that beat the Zacks Consensus Estimate by 6 cents. However, the figure declined 20.8% on a year-over-year basis.
Twenty-First Century Fox, Inc. Price and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.