- News Corp’s Adjusted EPS for Q3 beats estimates with 11c, a rise from last year’s 9.0c, beating the estimated 10c.
- The revenue for this quarter stands at $2.42 billion, showing a decrease of 1%, the estimate was $2.45 billion.
- Digital real estate services revenue rose by 6.9% to reach $388 million, surpassing the estimate of $378.3 million.
- The subscription video services took a hit of 4.6%, leaving the revenue at $455 million, falling short of the estimated $466.6 million.
- Dow Jones saw a 2.8% increase in their revenue to reach $544 million, slightly missing its estimate of $551.9 million.
- Book publishing revenue is at $506 million after a 1.7% decrease, which was below the projected $520.4 million.
- The News Media revenue stands at $530 million for Q3, with a decline of 5.9% from last year, remaining lower than the estimated $540.5 million.
- Ebitda for Q3 shows a slight increase of 0.6% to reach $322 million, the expected figure was $321.3 million.
- Digital Real Estate Services Ebitda stands at $104 million after a 2% increase, slightly higher than the anticipated $102.8 million.
- Subscription Video Services EBITDA fell by 2.9% leaving it at $66 million, higher in comparison to the projected $62.5 million.
- The Dow Jones Ebitda saw an increase of 8.3%, reaching $118 million, however, it is lower than the predicted $121.9 million.
- Book Publishing Ebitda increased by 1.6% to reach $62 million, missing the estimated $65.1 million slightly.
- News Media EBITDA fell by 24%, leaving it at $26 million, nearly matching the expected $26.8 million.
- News Corp’s cash and cash equivalents stand at $1.94 billion, a 17% increase from last year, below the estimate of $1.98 billion.
- There are 6 buys, 2 holds and 0 sells based on the current financial status of News Corp.
A look at News Corp Class A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
News Corp Class A, a publishing industry player, has received a promising overall Smart Score outlook based on key factors. With solid scores in Growth and Momentum, the company is positioned for long-term success. Its strong Growth score signifies potential expansion and development opportunities, while a robust Momentum score indicates positive market interest and performance. Although the Value and Resilience scores are moderate, the company’s strengths in Growth and Momentum bode well for its future prospects.
News Corp Class A, operating in the publishing sector, demonstrates positive momentum and growth potential. The company’s scores in these areas, along with respectable ratings in Value and Resilience, suggest a stable and promising long-term outlook. As it continues to provide publications such as newspapers, magazines, books, and promotional inserts, News Corp Class A‘s strong performance in Growth and Momentum positions it well for future success and potential growth in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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