News Corp to Announce Q2 Earnings Amid Market Volatility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2024
0mins
Should l Buy NWSA?
Source: NASDAQ.COM
News Corp (NWSA) has seen its stock price decline by 4.09% as it hits a 20-day low, reflecting broader market trends with the Nasdaq-100 down 1.26% and the S&P 500 down 1.16%.
The company is scheduled to announce its Q2 2023 earnings on February 5th, with a consensus EPS estimate of $0.37, indicating a 12.1% year-over-year increase. Despite the modest revenue growth expectations of 2.7%, the company has a strong track record of exceeding earnings estimates, which may influence investor sentiment positively. However, the recent market volatility and mixed revisions in earnings expectations could create uncertainty for investors.
As the earnings announcement approaches, investors will be closely monitoring the company's performance against expectations, especially in light of the recent market downturn and the potential implications for future profitability.
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Analyst Views on NWSA
Wall Street analysts forecast NWSA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NWSA is 40.33 USD with a low forecast of 38.00 USD and a high forecast of 43.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 24.210
Low
38.00
Averages
40.33
High
43.00
Current: 24.210
Low
38.00
Averages
40.33
High
43.00
About NWSA
News Corporation is a diversified media and information services company. Its Digital Real Estate Services segment consists of the Company’s interest in REA Group and Move. REA Group is a digital media business specializing in property and property-related services on its Websites and mobile apps. Move is a provider of digital real estate services in the United States and primarily operates a real estate information, advertising and services platform, as well as its referral-based services, online tools and services to do-it-yourself landlords and tenants. Its Dow Jones segment consists of Dow Jones, a global provider of news and business information, which distributes its content and data through a variety of media channels. Its Book Publishing segment consists of HarperCollins, a consumer book publisher with operations in 15 countries. Its News Media segment consists of News Corp Australia, News UK and the New York Post and includes The Australian, The Daily Telegraph, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Morgan Stanley Lowers News Corp Price Target to $32.40
- Price Target Adjustment: Morgan Stanley has lowered its price target for News Corp (NWSA) from $38 to $32.40 while maintaining an Overweight rating, indicating a cautious outlook on the company's future performance.
- Earnings Update: This adjustment follows the update of FY26 first-half results, and despite the price target reduction, Morgan Stanley asserts that its fundamental positive thesis remains unchanged, suggesting continued optimism about News Corp's long-term potential.
- Earnings Expectations: News Corp reported a Q2 adjusted EPS of 40 cents, exceeding market expectations of 37 cents, demonstrating the company's resilience in the current economic environment.
- Buyback Plan: News Corp outlines a $1 billion share buyback plan for 2025, which is expected to enhance investor confidence and boost EPS, reflecting the company's proactive approach to capital management.
See More
News Corporation Q2 2026 Earnings Call Highlights
- Significant Revenue Growth: News Corporation reported Q2 revenue of $2.4 billion, a 6% increase year-over-year, with total segment EBITDA rising 9% to $521 million despite a one-time inventory charge at HarperCollins, reflecting ongoing improvements in revenue and profitability that bolster confidence in future growth.
- Accelerated Buyback Program: The company repurchased $172 million in shares during the second quarter, up $132 million from the previous year, indicating a commitment to maximizing shareholder value while maintaining financial flexibility, which further strengthens market confidence.
- Strong Digital Real Estate Performance: Realtor.com saw a 10% revenue increase to $143 million, while Dow Jones revenue rose 8% to $648 million, showcasing the company's success in digital transformation and expected continued revenue growth in the future.
- Optimistic AI Revenue Outlook: Management highlighted a $1.5 billion payout agreement with Anthropic, expected to generate significant revenue for HarperCollins, further advancing the company's strategic positioning in AI, despite challenges in the advertising market, while focusing on enhancing cost efficiencies.
See More
News Corp Q2 Earnings Exceed Expectations
- Earnings Beat: News Corp reported a Q2 non-GAAP EPS of $0.40, exceeding expectations by $0.03, which reflects ongoing improvements in profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved $2.36 billion in revenue for Q2, a 5.4% year-over-year increase that surpassed analyst expectations by $60 million, indicating effective sales strategies and competitive positioning in the market.
- Strong EBITDA Performance: Total segment EBITDA reached $521 million, a 9% increase from $478 million in the prior year, showcasing successful cost control and operational efficiency, thereby strengthening its financial foundation.
- One-Time Write-Off Impact: The results included a $16 million one-time write-off primarily related to inventory at HarperCollins’ international operations, yet the overall performance still demonstrates strong growth potential.
See More
News Corporation Q2 Earnings Beat Expectations
- Earnings Beat: News Corporation reported a Q2 non-GAAP EPS of $0.40, exceeding expectations by $0.03, which reflects ongoing improvements in profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $2.36 billion, a 5.4% year-over-year increase, surpassing analyst expectations by $60 million, indicating strong performance in advertising and subscription services that solidifies its market position.
- Positive Market Reaction: Following the earnings beat, the market reacted positively, with expectations of a stock price increase, reflecting investor optimism regarding the company's future growth potential.
- New Product Launch: This week, News Corporation launched the California Post tabloid, aimed at expanding its market reach and attracting younger readers, which is expected to further diversify revenue streams and enhance brand influence.
See More
NEWS CORP STOCK RISES 1.3% POST-RESULTS AFTER MARKET CLOSE
- Stock Performance: News Corp shares increased by 1.3% following the release of recent results.
- Market Reaction: The rise in shares indicates a positive market response to the company's performance metrics.
See More
News Corp to Host Investor Briefing for Dow Jones in 2026
- Investor Briefing Announcement: News Corp has announced it will host an Investor Briefing for Dow Jones on March 16, 2026, in New York City, starting at 4:00 PM EDT, showcasing the company's transformation into a powerhouse in news, enterprise data, and information services.
- Executive Participation: Chairman Lachlan Murdoch and CEO Robert Thomson will be joined by Dow Jones CEO Almar Latour and other leadership team members, emphasizing the company's growth strategy and financial profile during the presentation.
- Live Webcast Availability: The briefing will be available via a live view-only webcast on News Corp's investor website, with a replay accessible shortly after the event, ensuring that investors unable to attend in person can still receive the information.
- Company Overview: News Corp is a global, diversified media and information services company focused on creating and distributing authoritative content, with operations primarily in the United States, Australia, and the United Kingdom, covering news, digital real estate services, and book publishing.
See More
Morgan Stanley Lowers News Corp Price Target to $32.40
- Price Target Adjustment: Morgan Stanley has lowered its price target for News Corp (NWSA) from $38 to $32.40 while maintaining an Overweight rating, indicating a cautious outlook on the company's future performance.
- Earnings Update: This adjustment follows the update of FY26 first-half results, and despite the price target reduction, Morgan Stanley asserts that its fundamental positive thesis remains unchanged, suggesting continued optimism about News Corp's long-term potential.
- Earnings Expectations: News Corp reported a Q2 adjusted EPS of 40 cents, exceeding market expectations of 37 cents, demonstrating the company's resilience in the current economic environment.
- Buyback Plan: News Corp outlines a $1 billion share buyback plan for 2025, which is expected to enhance investor confidence and boost EPS, reflecting the company's proactive approach to capital management.
See More
News Corporation Q2 2026 Earnings Call Highlights
- Significant Revenue Growth: News Corporation reported Q2 revenue of $2.4 billion, a 6% increase year-over-year, with total segment EBITDA rising 9% to $521 million despite a one-time inventory charge at HarperCollins, reflecting ongoing improvements in revenue and profitability that bolster confidence in future growth.
- Accelerated Buyback Program: The company repurchased $172 million in shares during the second quarter, up $132 million from the previous year, indicating a commitment to maximizing shareholder value while maintaining financial flexibility, which further strengthens market confidence.
- Strong Digital Real Estate Performance: Realtor.com saw a 10% revenue increase to $143 million, while Dow Jones revenue rose 8% to $648 million, showcasing the company's success in digital transformation and expected continued revenue growth in the future.
- Optimistic AI Revenue Outlook: Management highlighted a $1.5 billion payout agreement with Anthropic, expected to generate significant revenue for HarperCollins, further advancing the company's strategic positioning in AI, despite challenges in the advertising market, while focusing on enhancing cost efficiencies.
See More
News Corp Q2 Earnings Exceed Expectations
- Earnings Beat: News Corp reported a Q2 non-GAAP EPS of $0.40, exceeding expectations by $0.03, which reflects ongoing improvements in profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved $2.36 billion in revenue for Q2, a 5.4% year-over-year increase that surpassed analyst expectations by $60 million, indicating effective sales strategies and competitive positioning in the market.
- Strong EBITDA Performance: Total segment EBITDA reached $521 million, a 9% increase from $478 million in the prior year, showcasing successful cost control and operational efficiency, thereby strengthening its financial foundation.
- One-Time Write-Off Impact: The results included a $16 million one-time write-off primarily related to inventory at HarperCollins’ international operations, yet the overall performance still demonstrates strong growth potential.
See More
News Corporation Q2 Earnings Beat Expectations
- Earnings Beat: News Corporation reported a Q2 non-GAAP EPS of $0.40, exceeding expectations by $0.03, which reflects ongoing improvements in profitability and boosts investor confidence.
- Significant Revenue Growth: The company achieved revenues of $2.36 billion, a 5.4% year-over-year increase, surpassing analyst expectations by $60 million, indicating strong performance in advertising and subscription services that solidifies its market position.
- Positive Market Reaction: Following the earnings beat, the market reacted positively, with expectations of a stock price increase, reflecting investor optimism regarding the company's future growth potential.
- New Product Launch: This week, News Corporation launched the California Post tabloid, aimed at expanding its market reach and attracting younger readers, which is expected to further diversify revenue streams and enhance brand influence.
See More
NEWS CORP STOCK RISES 1.3% POST-RESULTS AFTER MARKET CLOSE
- Stock Performance: News Corp shares increased by 1.3% following the release of recent results.
- Market Reaction: The rise in shares indicates a positive market response to the company's performance metrics.
See More
News Corp to Host Investor Briefing for Dow Jones in 2026
- Investor Briefing Announcement: News Corp has announced it will host an Investor Briefing for Dow Jones on March 16, 2026, in New York City, starting at 4:00 PM EDT, showcasing the company's transformation into a powerhouse in news, enterprise data, and information services.
- Executive Participation: Chairman Lachlan Murdoch and CEO Robert Thomson will be joined by Dow Jones CEO Almar Latour and other leadership team members, emphasizing the company's growth strategy and financial profile during the presentation.
- Live Webcast Availability: The briefing will be available via a live view-only webcast on News Corp's investor website, with a replay accessible shortly after the event, ensuring that investors unable to attend in person can still receive the information.
- Company Overview: News Corp is a global, diversified media and information services company focused on creating and distributing authoritative content, with operations primarily in the United States, Australia, and the United Kingdom, covering news, digital real estate services, and book publishing.
See More
