Alert: New Earnings Report (11/9/23)-News Corp (NASDAQ: NWSA).


For its first fiscal quarter (ending September 30), News Corp (NASDAQ: NWSA) has reported a -29% decline in E.P.S. from $0.07 a year ago to $0.05 in the current quarter. This performance was $-0.04 short of the consensus estimate of $0.09. E.P.S. were $0.25 for the latest four quarters through September 30 versus $0.80 for the same period a year ago — a decline of -69%.


Recent Price Action

News Corp (NASDAQ: NWSA) stock closed at $21.29 on 11/9/23 after a modest decline of -0.6%. The stock has risen 2.5% during the last week and has been exceptionally strong relative to the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, NWSA is expected to continue to be a Value Builder.

News has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. News has a neutral Appreciation Score of 43 but a good Power Rating of 84, producing the Positive Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.

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