Equity Profile

FOX

Fox Corporation

Communication ServicesBroadcasting$24.4B

Aug5Wed

Pre-Earnings Brief

UpcomingQ4-2026Pre-Market9:00 AM EDT

Company Snapshot

Fox Corporation (FOX) operates in the Communication Services sector, primarily focusing on broadcasting. As a major player in the media landscape, it provides news, sports, and entertainment content, making it a significant part of consumers' daily media consumption.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company has managed costs and revenue.

Expecting $1.32

Revenue Growth

Revenue growth is essential for assessing the company's ability to expand its market share and attract viewers.

Not available

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FOX Q4-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+33.63%

Avg Stock Reaction

+3.37%

Last Quarter Recap

In Q3-2026, Fox reported an EPS of $1.32, exceeding expectations by 27.29%. The stock reacted positively, gaining 8.09% the following day.

Management Promises & Guidance

Continued focus on expanding digital content offerings.
Commitment to enhancing viewer engagement through innovative programming.
Plans to leverage sports broadcasting to drive advertising revenue.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Fox has consistently beaten EPS estimates in recent quarters, but revenue guidance remains unclear.

Bull Case

If Fox can maintain its strong EPS performance and show solid advertising revenue growth, investor confidence could rise significantly.

Bear Case

Conversely, if revenue growth is weak or costs rise unexpectedly, it could lead to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

Expecting $1.32

EPS is a critical measure of profitability and will indicate how well the company has managed costs and revenue.

Revenue Growth

Not available

Revenue growth is essential for assessing the company's ability to expand its market share and attract viewers.

Advertising Revenue

Not available

As a broadcaster, advertising revenue is a key driver of Fox's financial performance, reflecting demand for its content.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q4-2026?

Given the company's strong track record of beating EPS estimates, this figure will be crucial for investor sentiment.

How has advertising revenue performed this quarter?

As a key revenue driver, insights into advertising revenue will help gauge the company's financial health and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Fox's ability to leverage its sports broadcasting for advertising revenue, which could exceed expectations this quarter.

Supporting Evidence

Fox's recent EPS surprises indicate strong operational management, suggesting the potential for continued performance.

The lack of recent revenue guidance may be overly cautious, given the company's historical performance in advertising.

Options pricing suggests a larger-than-average move, indicating market participants expect significant news.

Key Risk

If advertising revenue significantly exceeds expectations, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on maintaining profitability while navigating advertising revenue challenges.

Bull Confirmed If

An EPS of $1.32 or better would confirm the bull case and indicate strong operational performance.

Bear Confirmed If

An EPS below $1.20 would signal potential issues in profitability and could confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.51%

Historical Avg

±5.2%

Pricing rich

The options market is pricing in a significant move, suggesting investors anticipate volatility around the earnings report.

Options are pricing ±7.5% while FOX has averaged ±5.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

31.8%

Calls (14K)P/C Ratio: 0.02Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fox beats expectations, history suggests a potential stock increase of around 3.37%, confirming strong operational momentum.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may experience muted movement as investors reassess growth prospects.

Miss

A miss could lead to a decline, with historical patterns suggesting a drop of around 3.37% or more, raising concerns about future performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on advertising revenue performance and trends.
2Any commentary on viewer engagement metrics and digital content growth.
3Insights into cost management strategies and operational efficiencies.
4Discussion on future programming and its impact on revenue.
5Management's outlook on the competitive landscape in broadcasting.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company has managed costs and revenue.

Expecting $1.32

Revenue Growth

Revenue growth is essential for assessing the company's ability to expand its market share and attract viewers.

Not available

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FOX Q4-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+33.63%

Avg Stock Reaction

+3.37%

Last Quarter Recap

In Q3-2026, Fox reported an EPS of $1.32, exceeding expectations by 27.29%. The stock reacted positively, gaining 8.09% the following day.

Management Promises & Guidance

Continued focus on expanding digital content offerings.
Commitment to enhancing viewer engagement through innovative programming.
Plans to leverage sports broadcasting to drive advertising revenue.

Expectations

Wall Street Expectations

Overall, expectations are mixed as Fox has consistently beaten EPS estimates in recent quarters, but revenue guidance remains unclear.

Bull Case

If Fox can maintain its strong EPS performance and show solid advertising revenue growth, investor confidence could rise significantly.

Bear Case

Conversely, if revenue growth is weak or costs rise unexpectedly, it could lead to a negative market reaction.

Key Metrics to Watch

Earnings Per Share (EPS)

Expecting $1.32

EPS is a critical measure of profitability and will indicate how well the company has managed costs and revenue.

Revenue Growth

Not available

Revenue growth is essential for assessing the company's ability to expand its market share and attract viewers.

Advertising Revenue

Not available

As a broadcaster, advertising revenue is a key driver of Fox's financial performance, reflecting demand for its content.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q4-2026?

Given the company's strong track record of beating EPS estimates, this figure will be crucial for investor sentiment.

How has advertising revenue performed this quarter?

As a key revenue driver, insights into advertising revenue will help gauge the company's financial health and growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Fox's ability to leverage its sports broadcasting for advertising revenue, which could exceed expectations this quarter.

Supporting Evidence

Fox's recent EPS surprises indicate strong operational management, suggesting the potential for continued performance.

The lack of recent revenue guidance may be overly cautious, given the company's historical performance in advertising.

Options pricing suggests a larger-than-average move, indicating market participants expect significant news.

Key Risk

If advertising revenue significantly exceeds expectations, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on maintaining profitability while navigating advertising revenue challenges.

Bull Confirmed If

An EPS of $1.32 or better would confirm the bull case and indicate strong operational performance.

Bear Confirmed If

An EPS below $1.20 would signal potential issues in profitability and could confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.51%

Historical Avg

±5.2%

Pricing rich

The options market is pricing in a significant move, suggesting investors anticipate volatility around the earnings report.

Options are pricing ±7.5% while FOX has averaged ±5.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

31.8%

Calls (14K)P/C Ratio: 0.02Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Fox beats expectations, history suggests a potential stock increase of around 3.37%, confirming strong operational momentum.

In-Line / Cautious

If results are in line but cautious commentary is provided, the stock may experience muted movement as investors reassess growth prospects.

Miss

A miss could lead to a decline, with historical patterns suggesting a drop of around 3.37% or more, raising concerns about future performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on advertising revenue performance and trends.
2Any commentary on viewer engagement metrics and digital content growth.
3Insights into cost management strategies and operational efficiencies.
4Discussion on future programming and its impact on revenue.
5Management's outlook on the competitive landscape in broadcasting.