Fox Likely To Post Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Fox Corporation FOXA is expected to report its fourth quarter financial results, before the opening bell on Aug. 8, 2023.

Analysts expect the company to post quarterly earnings at 72 cents per share, down from year-ago earnings of 74 cents per share. The company’s revenue might come in at $3.03 billion.

Fox shares rose 0.1% to close at $33.08 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst Benjamin Swinburne maintained an Equal-Weight rating and raised the price target from $36 to $37 on July 26, 2023. This analyst has an accuracy rate of 73%.
• Citigroup analyst Jason Bazinet maintained a Neutral rating and cut the price target from $40 to $35 on May 23, 2023. This analyst has an accuracy rate of 63%.
• Barclays analyst Kannan Ventakeshwar maintained an Equal-Weight rating and reduced the price target from $36 to $35 on April 14, 2023. This analyst has an accuracy rate of 62%.
• Argus Research analyst Joseph Bonner downgraded the stock from Buy to Hold on April 6, 2023. This analyst has an accuracy rate of 69%.
• Credit Suisse analyst Douglas Mitchelson reiterated a Neutral rating with a price target of $35 on March 24, 2023. This analyst has an accuracy rate of 66%.

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