News Corp (NASDAQ: NWSA) has reported E.P.S. of $0.21 for its first fiscal quarter (ending September 30) versus $0.05 for the same period a year ago — an increase of 320%. For the latest four quarters through September 30, E.P.S. were $0.62 versus $0.25 for the same period a year ago — an increase of 148%.
Recent Price Action
News Corp (NASDAQ: NWSA) stock closed at $29.16 on 11/7/24 after a modest gain of 0.7%. Moreover, this advance was accompanied by above average trading volume at 135% of normal. The stock has risen 6.9% during the last week and has performed in line with the market over the last nine months.
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 (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. News has a neutral Appreciation Score of 42 and a slightly positive Power Rating of 61, triggering the 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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