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Fox Corporation (FOXA) Hits Fresh High: Is There Still Room to Run?

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Have you been paying attention to shares of Fox (FOXA - Free Report) ? Shares have been on the move with the stock up 2.6% over the past month. The stock hit a new 52-week high of $67.33 in the previous session. Fox has gained 36.8% since the start of the year compared to the 2.5% gain for the Zacks Consumer Discretionary sector and the 21.6% return for the Zacks Broadcast Radio and Television industry.

What's Driving the Outperformance?

The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on October 30, 2025, Fox reported EPS of $1.51 versus consensus estimate of $1.06.

For the current fiscal year, Fox is expected to post earnings of $4.41 per share on $16.08 in revenues. This represents a -7.74% change in EPS on a -1.33% change in revenues. For the next fiscal year, the company is expected to earn $5.09 per share on $16.81 in revenues. This represents a year-over-year change of 15.3% and 4.54%, respectively.

Valuation Metrics

Fox may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.

Fox has a Value Score of A. The stock's Growth and Momentum Scores are C and F, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 15.1X current fiscal year EPS estimates, which is not in-line with the peer industry average of 15.1X. On a trailing cash flow basis, the stock currently trades at 11.4X versus its peer group's average of 4.7X. Additionally, the stock has a PEG ratio of 1.49. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making Fox an interesting choice for value investors.

Zacks Rank

We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Fox currently has a Zacks Rank of #1 (Strong Buy) thanks to favorable earnings estimate revisions from covering analysts.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Fox fits the bill. Thus, it seems as though Fox shares could still be poised for more gains ahead.

How Does FOXA Stack Up to the Competition?

Shares of FOXA have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Fox Corporation (FOX - Free Report) . FOX has a Zacks Rank of #1 (Strong Buy) and a Value Score of A, a Growth Score of C, and a Momentum Score of F.

Earnings were strong last quarter. Fox Corporation beat our consensus estimate by 42.45%, and for the current fiscal year, FOX is expected to post earnings of $4.46 per share on revenue of $15.99 billion.

Shares of Fox Corporation have gained 1.7% over the past month, and currently trade at a forward P/E of 13.3X and a P/CF of 10.2X.

The Broadcast Radio and Television industry is in the top 39% of all the industries we have in our universe, so it looks like there are some nice tailwinds for FOXA and FOX, even beyond their own solid fundamental situation.


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