Seaport Global analyst David Joyce maintains $Fox Corp-A (FOXA.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 56.3% and a total average return of 2.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Fox Corp-A (FOXA.US)$'s main analysts recently are as follows:
Fox Corp. is experiencing a period of robust revenue expansion, translating into a 20% growth in segment OIBDA for fiscal Q1. This performance is being driven by a substantial increase in political advertising expenditures and a resurgence in viewer numbers at Fox News. However, it is anticipated that these temporary advantages will diminish in the latter half of the year, and the persistent challenges associated with linear television will continue to be a factor.
The firm noted that Fox Corp.'s Q1 revenue exceeded the consensus estimates, with a significant contribution from a robust EBITDA performance, primarily driven by reduced expenses in the core Cable Networks segment.
Fox Corp. is positioned to enhance its sports broadcasting through streaming, with solid viewership and potential long-term opportunities in consolidation and sports betting, making it a compelling risk-adjusted option in the media sector.
Note:
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