Expectations trend
FY2028 · fiscal year ending 2028-06-30 · fmp
Fox Corporation (Class B) (FOX)
NASDAQCommunication ServicesEntertainmentSnapshot 2026-11-04
$59.99-2.65%
Close 2026-11-05 · 1-day change
NASDAQCommunication ServicesEntertainmentSnapshot 2026-11-04
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
5.90 → 5.89 EPS · FY ending Jun 30, 2028 · 4 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 5, 2026 to Nov 4, 2026: (new ÷ prior − 1). Contributor count changed from 4 to 4; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for FOX yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
4 published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Achieve net income near $609M in 2026-Q1 | A supporting condition in Fox Corporation (Class B)'s published investment case. The stated target is >=609 million USD net income. | Intact | net income falls below $400 million in 2026-Q1 | Net income: $957M FY2027-Q1; GAAP. Published target: >=609 million USD net income. The stored target says 2026-Q1; this source reports FY2027-Q1. Fiscal/calendar alignment needs review. Nov 2, 2026957,000,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2028 · fiscal year ending 2028-06-30 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
FOX is a media and communications business with a mixed, execution-dependent multi-year view rather than a clear durable compounder. The thesis is intact, but confidence is medium and earnings quality is fragile despite strong recent financial performance.
The valuation evidence is mixed: FOX is described as cheap versus peers, while another measure shows a premium to peers, and the expectations gap is negative. The priced-in assessment is tagged justified, with low fragility because the evidence points to weak execution quality rather than a broader stack of risks.
Near term, recent performance is holding in the top half of the industry, and the reported miss risk is low, though a deep miss in the recent history and the industry's high miss rate remain cautions. Over the multi-year view, FOX One is launched and digital segments show revenue and EBITDA growth, while the Roku acquisition and its planned cost savings are still early in delivery.
The near-term downside scenario is a guidance cut on the next call, which could lead analysts to lower estimates. Favorable scenarios include rate cuts and continued strong results from sector peers, while the multi-year case also depends on completing the Roku acquisition and realizing the planned savings.
For the next 1 to 3 years, FOX’s thesis rests on sustaining recent operating strength while proving that digital growth and the Roku deal can deliver durable benefits. Sector headwinds, fragile earnings quality, and still-early acquisition execution remain the main uncertainties. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Grow revenue to $5.18B by 2026-Q2 |
| A primary condition in Fox Corporation (Class B)'s published investment case. The stated target is >=5.18 billion USD revenue. |
| Intact |
| revenue falls below $4.5 billion in 2026-Q2 |
Revenue: $4.571B FY2027-Q1; GAAP. Published target: >=5.18 billion USD revenue. The stored target says 2026-Q2; this source reports FY2027-Q1. Fiscal/calendar alignment needs review. Nov 2, 20264,571,000,000 USD · source valueLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Achieve $400M run-rate cost synergies from Roku acquisition | The company plans to complete the Roku acquisition and gain $400M in cost synergies by 2027. | Intact | cost synergies fall below $200 million run-rate by FY27 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management contextStated in 2 of 8 supplied quarters. Management reported: “We successfully launched our direct-to-consumer streaming service, FOX One, continued to keep America informed across a dynamic news cycle, enhanced Tubi's position as a leading streaming service, and announced the acquisition of Roku which will transform the scope and growth profile of our company.” “These record results coupled with the strong momentum we are continuing to see across our business gives us confidence in delivering value for shareholders in a thoughtful and disciplined manner.”” Delivery assessment Nov 4, 2026 |
Maintain share repurchase program with $3.5B remaining authorization | Fox has a $3.5B share buyback authorization supporting shareholder returns. | Intact | remaining authorization falls below $1 billion before 2026-Q3 | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$5.77 → $5.89 · observed estimates
$17.96B → $17.78B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-07-25 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-07-26 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-07-27 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-07-28 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-07-29 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-07-30 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-07-31 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-08-01 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-08-02 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-08-03 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-08-04 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-08-05 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-08-06 | $5.77 | $17,957,720,053 | 2 / 1 |
| 2026-08-07 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-08 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-09 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-10 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-11 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-12 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-13 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-14 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-15 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-16 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-17 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-18 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-19 | $5.79 | $17,965,427,257 | 2 / 1 |
| 2026-08-20 | $5.86 | $17,937,844,557 | 4 / 3 |
| 2026-08-21 | $5.86 | $17,937,844,557 | 4 / 3 |
| 2026-08-22 | $5.86 | $17,937,844,557 | 4 / 3 |
| 2026-08-23 | $5.88 | $17,956,291,615 | 4 / 3 |
| 2026-08-24 | $5.88 | $17,956,291,615 | 4 / 3 |
| 2026-08-25 | $5.88 | $17,956,291,615 | 4 / 3 |
| 2026-08-26 | $5.88 | $17,956,291,615 | 4 / 3 |
| 2026-08-27 | $5.88 | $17,956,291,615 | 4 / 3 |
| 2026-08-28 | $5.88 | $17,956,291,615 | 4 / 3 |
| 2026-08-29 | $5.88 | $17,956,291,615 | 4 / 3 |
| 2026-08-30 | $5.88 | $17,956,291,615 | 4 / 3 |
| 2026-08-31 | $5.88 | $17,956,291,615 | 4 / 3 |
| 2026-09-01 | $5.88 | $17,956,291,615 | 4 / 3 |
| 2026-09-02 | $5.88 | $17,956,291,615 | 4 / 3 |
| 2026-09-03 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-04 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-05 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-06 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-07 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-08 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-09 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-10 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-11 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-12 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-13 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-14 | $5.87 | $17,966,613,450 | 4 / 3 |
| 2026-09-15 | $5.88 | $17,970,271,483 | 4 / 3 |
| 2026-09-16 | $5.88 | $17,970,271,483 | 4 / 3 |
| 2026-09-17 | $5.88 | $17,970,271,483 | 4 / 3 |
| 2026-09-18 | $5.88 | $17,970,271,483 | 4 / 3 |
| 2026-09-19 | $5.88 | $17,970,271,483 | 4 / 3 |
| 2026-09-20 | $5.88 | $17,970,271,483 | 4 / 3 |
| 2026-09-21 | $5.88 | $17,970,271,483 | 4 / 3 |
| 2026-09-22 | $5.88 | $17,970,271,483 | 4 / 3 |
| 2026-09-23 | $5.89 | $17,973,787,531 | 4 / 3 |
| 2026-09-24 | $5.89 | $17,973,787,531 | 4 / 3 |
| 2026-09-25 | $5.90 | $17,978,319,531 | 4 / 3 |
| 2026-09-26 | $5.90 | $17,992,378,354 | 4 / 3 |
| 2026-09-27 | $5.90 | $17,992,378,354 | 4 / 3 |
| 2026-09-28 | $5.90 | $17,992,378,354 | 4 / 3 |
| 2026-09-29 | $5.90 | $17,992,378,354 | 4 / 3 |
| 2026-09-30 | $5.90 | $17,992,378,354 | 4 / 3 |
| 2026-10-01 | $5.90 | $17,992,378,354 | 4 / 3 |
| 2026-10-02 | $5.90 | $17,992,378,354 | 4 / 3 |
| 2026-10-03 | $5.90 | $17,992,370,425 | 4 / 3 |
| 2026-10-04 | $5.90 | $17,992,370,425 | 4 / 3 |
| 2026-10-05 | $5.90 | $17,992,370,425 | 4 / 3 |
| 2026-10-06 | $5.90 | $17,992,370,425 | 4 / 3 |
| 2026-10-07 | $5.90 | $17,992,370,425 | 4 / 3 |
| 2026-10-08 | $5.89 | $17,992,370,425 | 4 / 3 |
| 2026-10-09 | $5.89 | $17,992,370,425 | 4 / 3 |
| 2026-10-10 | $5.89 | $17,992,370,425 | 4 / 3 |
| 2026-10-11 | $5.84 | $17,563,055,370 | 4 / 3 |
| 2026-10-12 | $5.84 | $17,563,055,370 | 4 / 3 |
| 2026-10-13 | $5.84 | $17,563,055,370 | 4 / 3 |
| 2026-10-14 | $5.84 | $17,563,055,370 | 4 / 3 |
| 2026-10-15 | $5.84 | $17,563,055,370 | 4 / 3 |
| 2026-10-16 | $5.84 | $17,563,055,370 | 4 / 3 |
| 2026-10-17 | $5.84 | $17,563,055,370 | 4 / 3 |
| 2026-10-18 | $5.91 | $17,575,870,338 | 4 / 3 |
| 2026-10-19 | $5.91 | $17,575,870,338 | 4 / 3 |
| 2026-10-20 | $5.87 | $17,566,356,508 | 4 / 3 |
| 2026-10-21 | $5.87 | $17,566,356,508 | 4 / 3 |
| 2026-10-22 | $5.87 | $17,566,356,508 | 4 / 3 |
| 2026-10-23 | $5.87 | $17,566,356,508 | 4 / 3 |
| 2026-10-24 | $5.87 | $17,566,356,508 | 4 / 3 |
| 2026-10-25 | $5.87 | $17,566,356,508 | 4 / 3 |
| 2026-10-26 | $5.87 | $17,566,356,508 | 4 / 3 |
| 2026-10-27 | $5.87 | $17,566,356,508 | 4 / 3 |
| 2026-10-28 | $5.87 | $17,556,689,841 | 4 / 3 |
| 2026-10-29 | $5.87 | $17,556,689,841 | 4 / 3 |
| 2026-10-30 | $5.87 | $17,556,689,841 | 4 / 3 |
| 2026-10-31 | $5.87 | $17,556,689,841 | 4 / 3 |
| 2026-11-01 | $5.87 | $17,556,689,841 | 4 / 3 |
| 2026-11-02 | $5.87 | $17,556,689,841 | 4 / 3 |
| 2026-11-03 | $5.90 | $17,740,649,363 | 4 / 3 |
| 2026-11-04 | $5.89 | $17,781,176,741 | 4 / 3 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Monthly analyst history is unavailable.
Recent actions · Oct 6–Nov 4 · 0 recorded
0 raises · 1 cuts · 0 unchanged · 1 without a comparable prior
Oct 6, 2026–Nov 4, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Next earnings date unavailable
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
Review earnings4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.