Expectations trend
FY2028 · fiscal year ending 2028-06-30 · fmp
News Corp (Class A) (NWSA)
NASDAQCommunication ServicesPublishingSnapshot 2026-11-04
$26.48-13.35%
Close 2026-11-05 · 1-day change
NASDAQCommunication ServicesPublishingSnapshot 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
1.54 → 1.54 EPS · FY ending Jun 30, 2028 · 5 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 5; 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 NWSA 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 |
|---|---|---|---|---|
Continue share buybacks up to $1 billion authorization | A supporting condition in News Corp (Class A)'s published investment case. The stated target is Sustain buybacks up to $1B. | Intact | Company halts or significantly reduces buybacks below $1 billion authorization | 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. |
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.
This is a media business with a multi-year view that depends on continued operating progress, rather than a turnaround story. The thesis is intact, and company momentum has improved, but management execution is described as volatile and the sector backdrop is a headwind.
Valuation is tagged as stretched, with a durable premium versus peers and a positive expectations gap, meaning the market appears to expect continued strength. Fragility is low, but confidence in the valuation assessment is medium.
Near-term results have been strong, and management is on track with its fiscal 2026 revenue and free cash flow goals; the company has also continued its share repurchase program. The near-term earnings miss risk is described as quiet, though the industry has a high miss rate and earnings surprises are trending down.
The multi-year thesis depends on management delivering its stated revenue and free cash flow goals while maintaining recent momentum. In the near term, a guidance cut would be a meaningful negative; rate cuts or continued strong results and higher guidance from sector peers would be favorable signals.
The 1 to 3 year view remains intact, with strong recent performance and ongoing execution balanced by stretched expectations, management volatility, and sector headwinds. 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.
| Free cash flow yield is around 4%, showing good cash generation. |
| Intact |
| Free cash flow yield falls below 3% |
Free cash flow yield: 6.29% As of 2026-11-04; trailing twelve months. The target timing and basis require a separate assessment. Nov 4, 20266.29 percent · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Maintain profit margin near current levels with P/E around 26.4 | The company has a stable profit margin with a price-to-earnings ratio near 26. | Intact | P/E falls significantly below 23.6 or rises above 30 indicating margin or growth concerns | P/E (TTM): 25.90x As of 2026-11-04; trailing twelve months. The target timing and basis require a separate assessment. Nov 4, 202625.8983 ratio · calculatedLast status assessment Nov 4, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Revenue growth of at least 5.9% in the next 12 months | A primary condition in News Corp (Class A)'s published investment case. The stated target is >=5.9% YoY. | Intact | YoY revenue growth falls below 5.9% next 12 months | 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.
$1.48 → $1.54 · observed estimates
$9.69B → $9.77B · 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 | $1.48 | $9,694,933,656 | 5 / 11 |
| 2026-07-25 | $1.48 | $9,694,933,656 | 5 / 11 |
| 2026-07-26 | $1.48 | $9,694,933,656 | 5 / 11 |
| 2026-07-27 | $1.48 | $9,694,933,656 | 5 / 11 |
| 2026-07-28 | $1.48 | $9,694,933,656 | 5 / 11 |
| 2026-07-29 | $1.48 | $9,694,933,656 | 5 / 11 |
| 2026-07-30 | $1.49 | $9,689,133,656 | 5 / 11 |
| 2026-07-31 | $1.49 | $9,689,133,656 | 5 / 11 |
| 2026-08-01 | $1.49 | $9,689,133,656 | 5 / 11 |
| 2026-08-02 | $1.49 | $9,689,133,656 | 5 / 11 |
| 2026-08-03 | $1.49 | $9,689,133,656 | 5 / 11 |
| 2026-08-04 | $1.49 | $9,689,133,656 | 5 / 11 |
| 2026-08-05 | $1.49 | $9,689,133,656 | 5 / 11 |
| 2026-08-06 | $1.49 | $9,689,133,656 | 5 / 11 |
| 2026-08-07 | $1.53 | $9,741,951,610 | 4 / 8 |
| 2026-08-08 | $1.50 | $9,715,877,270 | 5 / 11 |
| 2026-08-09 | $1.50 | $9,715,877,270 | 5 / 11 |
| 2026-08-10 | $1.53 | $9,741,951,610 | 4 / 8 |
| 2026-08-12 | $1.53 | $9,741,951,610 | 4 / 8 |
| 2026-08-13 | $1.50 | $9,735,432,540 | 5 / 11 |
| 2026-08-14 | $1.53 | $9,741,951,610 | 4 / 8 |
| 2026-08-15 | $1.53 | $9,741,951,610 | 4 / 8 |
| 2026-08-16 | $1.53 | $9,741,951,610 | 4 / 8 |
| 2026-08-17 | $1.53 | $9,741,951,610 | 4 / 8 |
| 2026-08-18 | $1.53 | $9,741,951,610 | 4 / 8 |
| 2026-08-19 | $1.53 | $9,741,951,610 | 4 / 8 |
| 2026-08-20 | $1.54 | $9,781,338,702 | 4 / 8 |
| 2026-08-21 | $1.54 | $9,781,338,702 | 4 / 8 |
| 2026-08-22 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-08-23 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-08-24 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-08-25 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-08-26 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-08-27 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-08-28 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-08-29 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-08-30 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-08-31 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-01 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-02 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-03 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-04 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-05 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-06 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-07 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-08 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-09 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-10 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-11 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-12 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-13 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-14 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-15 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-16 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-17 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-18 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-19 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-20 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-21 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-22 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-23 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-24 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-25 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-26 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-27 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-28 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-29 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-09-30 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-01 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-02 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-03 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-04 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-05 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-06 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-07 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-08 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-09 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-10 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-11 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-12 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-13 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-14 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-15 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-16 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-17 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-18 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-19 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-20 | $1.54 | $9,775,255,369 | 4 / 8 |
| 2026-10-21 | $1.54 | $9,761,543,418 | 4 / 9 |
| 2026-10-22 | $1.54 | $9,761,543,418 | 4 / 9 |
| 2026-10-23 | $1.54 | $9,761,543,418 | 4 / 9 |
| 2026-10-24 | $1.54 | $9,761,543,418 | 5 / 9 |
| 2026-10-25 | $1.54 | $9,761,543,418 | 5 / 9 |
| 2026-10-26 | $1.54 | $9,761,543,418 | 5 / 9 |
| 2026-10-27 | $1.54 | $9,761,543,418 | 5 / 9 |
| 2026-10-28 | $1.54 | $9,761,543,418 | 5 / 9 |
| 2026-10-29 | $1.54 | $9,761,543,418 | 5 / 9 |
| 2026-10-30 | $1.54 | $9,771,042,648 | 5 / 9 |
| 2026-10-31 | $1.54 | $9,771,042,648 | 5 / 9 |
| 2026-11-01 | $1.54 | $9,771,042,648 | 5 / 9 |
| 2026-11-02 | $1.54 | $9,771,042,648 | 5 / 9 |
| 2026-11-03 | $1.54 | $9,771,042,648 | 5 / 9 |
| 2026-11-04 | $1.54 | $9,769,730,415 | 5 / 9 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 8 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell
Recent actions · Oct 6–Nov 4 · 0 recorded
0 raises · 0 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.