Back to top

Tale of the Tape

Twenty-First Century Fox, Inc. (FOXA - Analyst Report) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for FOXA, as the stock is now down over 8% since Jul9, 2014.
 
The media giant has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (2 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
 
FOXA currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
 
Some better-ranked stocks in the same sector include Hanesbrands Inc. (HBI - Analyst Report), Michael Kors Holdings Limited (KORS - Analyst Report) and Columbia Sportswear Company (COLM - Snapshot Report). All these stocks hold a Zacks Rank #1 (Strong Buy).
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Please login to Zacks.com or register to post a comment.