FOXA Gears Up to Report Q4 Earnings: What's in Store for the Stock?
Fox CorporationFOXA is set to report fourth-quarter fiscal 2026 results on Aug. 6.
For the to-be-reported quarter, the Zacks Consensus Estimate for earnings is pegged at $1.34 per share, unchanged over the past 30 days. The figure indicates a 5.51% rise year over year.
The consensus mark for revenues is pegged at $3.6 billion, implying a surge of 9.51% from the year-ago quarter’s reported figure.
The company’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average positive surprise being 43.02%.
Let us see how things have shaped up for this announcement.
Factors to Consider
Fox Corporation is expected to have entered the fourth quarter of fiscal 2026 with healthy momentum across its sports, news and streaming businesses, building on the strength seen in the prior quarter. FOXA is expected to have benefited from resilient advertising demand, steady distribution revenue growth and continued digital expansion, though results are likely to have been shaped heavily by the FIFA Men's World Cup, which fell within the quarter and limits comparability to prior periods.
FOX Sports is expected to have remained the primary growth driver, with extensive World Cup coverage across FOX, FS1, Tubi and FOX One likely boosting audience engagement, advertising demand and distribution revenues. The broadcast side is seen as likely revenue and EBITDA accretive, while the cable net side may have remained dilutive given elevated sports rights amortization, leaving the net margin impact uncertain. The addition of two new national NFL games is also expected to have strengthened FOX's premium sports portfolio and supported advertiser interest heading into the fall.
FOX News is expected to have maintained strong audience engagement and healthy national advertising demand, supported by prior CPM gains, an expanded advertiser base and improving political advertising activity, though ratings comparisons could be complicated by a difficult prior year base.
Tubi is expected to have sustained its breakeven trajectory, aided by World Cup simulcast content, while FOX One likely continued contributing positively to distribution trends through healthy subscriber additions. The pending Roku acquisition is also expected to have remained a notable factor alongside standalone performance, reinforcing FOX's long-term connected TV strategy, even though any immediate contribution to the quarter is likely to have been limited.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
FOXA has an Earnings ESP of -12.25% and a Zacks Rank #2 at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Sandisk Corporation SNDK is scheduled to report fourth-quarter fiscal 2026 results on Aug. 5. Currently, Sandisk has an Earnings ESP of +4.13% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Sandisk’s fiscal fourth-quarter earnings is pegged at $34.24 per share, indicating a year-over-year surge of 11,707%. Earnings estimates for the quarter have been revised upward by 5.7% over the past 60 days.
Western Digital CorporationWDC is scheduled to report fourth-quarter fiscal 2026 results on Aug. 5. Currently, Western Digital has an Earnings ESP of +3.22% and flaunts a Zacks Rank #1.
The Zacks Consensus Estimate for Western Digital’s fiscal fourth-quarter earnings is pegged at $3.35 per share, calling for a year-over-year increase of 101.8%. Earnings estimates for the quarter have been revised upward by 3 cents in the past 30 days.
MKS Inc. MKSI is scheduled to report second-quarter 2026 results on Aug. 5. Currently, MKS has an Earnings ESP of +2.64% and carries a Zacks Rank #2.
The Zacks Consensus Estimate for MKS’ second-quarter earnings is pegged at $2.93 per share, calling for a year-over-year jump of 65.5%. Earnings estimates for the quarter have been revised northward by a penny in the past 30 days.
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