News Corp reports results for the quarter ended in January 1 - Earnings Summary
News Corp NWSA.OQ reported quarterly adjusted earnings of 21 cents per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of six analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 14 cents to 19 cents per share.
Revenue rose 1.6% to $2.54 billion from a year ago; analysts expected $2.56 billion.
News Corp's reported EPS for the quarter was 21 cents.
The company reported quarterly net income of $119 million.
News Corp shares had risen by 8.7% this quarter and gained 17.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.5% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The average consensus recommendation for the consumer publishing peer group is also "buy"
Wall Street's median 12-month price target for News Corp is $33.50
This summary was machine generated from LSEG data November 8 at 05:10 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 0.16 | 0.21 | Beat |
Jun. 30 2024 | 0.16 | 0.17 | Beat |
Mar. 31 2024 | 0.19 | 0.11 | Missed |
Dec. 31 2023 | 0.19 | 0.26 | Beat |
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