Fox (FOXA - Free Report) reported $3.21 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 0.5%. EPS of $1.09 for the same period compares to $1.21 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.18 billion, representing a surprise of +1.01%. The company delivered an EPS surprise of +13.54%, with the consensus EPS estimate being $0.96.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Fox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Segment Revenues- Television: $1.78 billion versus the four-analyst average estimate of $1.77 billion. The reported number represents a year-over-year change of +3.9%.
- Segment Revenues- Cable Network Programming: $1.39 billion versus the four-analyst average estimate of $1.37 billion. The reported number represents a year-over-year change of -3.1%.
- Segment Revenues- Other, Corporate and Eliminations: $40 million compared to the $40.79 million average estimate based on four analysts. The reported number represents a change of -14.9% year over year.
- Revenues- Television - Advertising: $910 million compared to the $920.96 million average estimate based on three analysts. The reported number represents a change of +0.6% year over year.
- Revenues- Television - Affiliate fee: $735 million versus the three-analyst average estimate of $708.62 million. The reported number represents a year-over-year change of +7.8%.
- Revenues- Television - Other: $135 million versus $136.80 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
- Revenues by Component- Affiliate fee: $1.74 billion versus the three-analyst average estimate of $1.68 billion. The reported number represents a year-over-year change of +1.7%.
- Revenues by Component- Advertising: $1.20 billion compared to the $1.22 billion average estimate based on three analysts. The reported number represents a change of -1.6% year over year.
- Revenues by Component- Other: $267 million compared to the $270.65 million average estimate based on three analysts. The reported number represents a change of +2.3% year over year.
- Revenues- Cable Network Programming - Advertising: $290 million versus the three-analyst average estimate of $297.71 million. The reported number represents a year-over-year change of -8.2%.
- Revenues- Cable Network Programming - Affiliate fee: $1.01 billion versus $971.36 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.3% change.
- Revenues- Cable Network Programming - Other: $92 million compared to the $95.44 million average estimate based on three analysts. The reported number represents a change of +7% year over year.
View all Key Company Metrics for Fox here>>>Shares of Fox have returned +0.5% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Fox (FOXA - Free Report) reported $3.21 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 0.5%. EPS of $1.09 for the same period compares to $1.21 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.18 billion, representing a surprise of +1.01%. The company delivered an EPS surprise of +13.54%, with the consensus EPS estimate being $0.96.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Fox performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Segment Revenues- Television: $1.78 billion versus the four-analyst average estimate of $1.77 billion. The reported number represents a year-over-year change of +3.9%.
- Segment Revenues- Cable Network Programming: $1.39 billion versus the four-analyst average estimate of $1.37 billion. The reported number represents a year-over-year change of -3.1%.
- Segment Revenues- Other, Corporate and Eliminations: $40 million compared to the $40.79 million average estimate based on four analysts. The reported number represents a change of -14.9% year over year.
- Revenues- Television - Advertising: $910 million compared to the $920.96 million average estimate based on three analysts. The reported number represents a change of +0.6% year over year.
- Revenues- Television - Affiliate fee: $735 million versus the three-analyst average estimate of $708.62 million. The reported number represents a year-over-year change of +7.8%.
- Revenues- Television - Other: $135 million versus $136.80 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
- Revenues by Component- Affiliate fee: $1.74 billion versus the three-analyst average estimate of $1.68 billion. The reported number represents a year-over-year change of +1.7%.
- Revenues by Component- Advertising: $1.20 billion compared to the $1.22 billion average estimate based on three analysts. The reported number represents a change of -1.6% year over year.
- Revenues by Component- Other: $267 million compared to the $270.65 million average estimate based on three analysts. The reported number represents a change of +2.3% year over year.
- Revenues- Cable Network Programming - Advertising: $290 million versus the three-analyst average estimate of $297.71 million. The reported number represents a year-over-year change of -8.2%.
- Revenues- Cable Network Programming - Affiliate fee: $1.01 billion versus $971.36 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.3% change.
- Revenues- Cable Network Programming - Other: $92 million compared to the $95.44 million average estimate based on three analysts. The reported number represents a change of +7% year over year.
View all Key Company Metrics for Fox here>>>Shares of Fox have returned +0.5% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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