Entertainment
How Is Fox Corporation’s Stock Performance Compared to Other Entertainment Stocks?
Valued at a market cap of $21.4 billion, New York-based Fox Corporation (FOX) is a prominent media company, specializing in producing and distributing news, sports, and entertainment content. Its flagship brands include FOX News, FOX Sports, the FOX Network, and FOX Television Stations, alongside sports networks FS1, FS2, Fox Deportes, and Big Ten Network.
Companies valued at over $10 billion are generally considered “large-cap” stocks, and Fox Corporation fits this criterion perfectly. Operating through four key segments – Cable Network Programming; Television; Credible; and The FOX Studio Lot, the company caters to diverse audiences in the U.S. The Cable Network Programming segment delivers news and sports content through traditional and digital platforms.
Despite experiencing a 2.6% decline from its 52-week high of $47.80 reached on Dec. 18, the cable news and media network company has shown resilience, with its shares gaining 20.6% over the past three months. This performance outpaces the Communication Services Select Sector SPDR ETF Fund (XLC), which rose 9.1% during the same period.
In the longer term, FOX’s shares have surged 47.4% over the past six months, outpacing XLC’s 13.6% surge. Over the past 52 weeks, Fox Corporation has jumped 69.5%, contrasting with XLC’s 34.7% return over the same period.
FOX has traded above its 50-day moving average since late-March. Also, the stock has stayed above its 200-day moving average since late-April.
Shares of Fox Corporation rose 2.8% on Nov. 4 due to the company’s Q1 2025 adjusted EPS of $1.45 beating the consensus estimate and growing 33% year-over-year, signaling strong profitability. Revenue growth of 11.1% year over year to $3.6 billion, driven by a 10% increase in Television segment affiliate fees and a 10.8% rise in advertising revenues. Additionally, strong contributions from Tubi, higher political ad revenues, and successful sports broadcasts like UEFA European Championship and Copa América bolstered both advertising and affiliate revenues, impressing investors.
In comparison, rival AMC Networks Inc. (AMCX) has underperformed FOX, gaining 3.2% over the past six months and declining 48.8% over the past 52 weeks.
Despite FOX’s outperformance over the past year, analysts are cautiously optimistic about the stock’s prospects. The stock has a consensus rating of “Moderate Buy” from the 11 analysts covering it, and it is currently trading below the mean price target of $47.70.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from Barchart
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