For the quarter ended December 2023, News Corp. (NWSA - Free Report) reported revenue of $2.59 billion, up 2.6% over the same period last year. EPS came in at $0.26, compared to $0.14 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.58 billion, representing a surprise of +0.29%. The company delivered an EPS surprise of +30.00%, with the consensus EPS estimate being $0.20.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how News Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenuesby Product (GAAP)- Dow Jones: $584 million compared to the $574.34 million average estimate based on two analysts. The reported number represents a change of +3.7% year over year.
- Revenues by Product (GAAP)- Book Publishing: $550 million versus $525.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
- Revenues by Product (GAAP)- Subscription Video Services - Advertising: $51 million versus $52.14 million estimated by two analysts on average.
- Revenues by Product (GAAP)- Subscription Video Services - Other: $15 million versus the two-analyst average estimate of $8.69 million.
- Revenues by Product (GAAP)- Dow Jones - Circulation and subscription: $441 million versus $443.46 million estimated by two analysts on average.
- Revenues by Product (GAAP)- Dow Jones - Advertising: $126 million compared to the $116.33 million average estimate based on two analysts.
- Revenues by Product (GAAP)- Dow Jones - Other: $17 million versus the two-analyst average estimate of $14.56 million.
- Revenues by Product (GAAP)- Book Publishing - Consumer: $527 million compared to the $520.22 million average estimate based on two analysts.
- Revenues by Product (GAAP)- Book Publishing - Other: $23 million compared to the $20.88 million average estimate based on two analysts.
- Revenues by Product (GAAP)- News Media - Circulation and subscription: $272 million compared to the $271.50 million average estimate based on two analysts.
- Revenues by Product (GAAP)- News Media - Advertising: $229 million versus the two-analyst average estimate of $237.75 million.
- Revenues by Product (GAAP)- News Media - Other: $62 million compared to the $70.03 million average estimate based on two analysts.
View all Key Company Metrics for News Corp. here>>>Shares of News Corp. have returned +1.8% over the past month versus the Zacks S&P 500 composite's +5.6% 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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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended December 2023, News Corp. (NWSA - Free Report) reported revenue of $2.59 billion, up 2.6% over the same period last year. EPS came in at $0.26, compared to $0.14 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.58 billion, representing a surprise of +0.29%. The company delivered an EPS surprise of +30.00%, with the consensus EPS estimate being $0.20.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how News Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenuesby Product (GAAP)- Dow Jones: $584 million compared to the $574.34 million average estimate based on two analysts. The reported number represents a change of +3.7% year over year.
- Revenues by Product (GAAP)- Book Publishing: $550 million versus $525.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
- Revenues by Product (GAAP)- Subscription Video Services - Advertising: $51 million versus $52.14 million estimated by two analysts on average.
- Revenues by Product (GAAP)- Subscription Video Services - Other: $15 million versus the two-analyst average estimate of $8.69 million.
- Revenues by Product (GAAP)- Dow Jones - Circulation and subscription: $441 million versus $443.46 million estimated by two analysts on average.
- Revenues by Product (GAAP)- Dow Jones - Advertising: $126 million compared to the $116.33 million average estimate based on two analysts.
- Revenues by Product (GAAP)- Dow Jones - Other: $17 million versus the two-analyst average estimate of $14.56 million.
- Revenues by Product (GAAP)- Book Publishing - Consumer: $527 million compared to the $520.22 million average estimate based on two analysts.
- Revenues by Product (GAAP)- Book Publishing - Other: $23 million compared to the $20.88 million average estimate based on two analysts.
- Revenues by Product (GAAP)- News Media - Circulation and subscription: $272 million compared to the $271.50 million average estimate based on two analysts.
- Revenues by Product (GAAP)- News Media - Advertising: $229 million versus the two-analyst average estimate of $237.75 million.
- Revenues by Product (GAAP)- News Media - Other: $62 million compared to the $70.03 million average estimate based on two analysts.
View all Key Company Metrics for News Corp. here>>>Shares of News Corp. have returned +1.8% over the past month versus the Zacks S&P 500 composite's +5.6% 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.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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