News Corp (NASDAQ: NWSA) has reported earnings for its third fiscal quarter (ending March 31) of $0.05 versus $0.09 for the same period a year ago — a decline of -44%. For the latest four quarters through March 31, E.P.S. were $0.37 versus $0.46 for the same period a year ago — a decline of -20%.
Recent Price Action
News Corp (NASDAQ: NWSA) stock declined modestly by -1.1% on 5/8/24. The stock closed at $24.14. Moreover, trading volume in this decline was unusually high at 196% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.4% during the last week.
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 C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. News has a neutral Appreciation Score of 41 but a good Power Rating of 78, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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