Equity Profile

NWS

News Corporation

Communication ServicesPublishing$17.0B

Aug4Tue

Pre-Earnings Brief

UpcomingQ4-2026After Close5:00 PM EDT

Company Snapshot

News Corporation (NWS) operates in the Communication Services sector, primarily focusing on publishing. The company plays a significant role in delivering news and information, which is crucial in today's fast-paced media landscape.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and will help investors gauge financial health this quarter.

$0.25

Revenue Growth

Revenue growth is essential for understanding how well the company is performing in the competitive publishing industry.

N/A

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

NWS Q4-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+15.92%

Avg Stock Reaction

+0.20%

Last Quarter Recap

In Q3-2026, News Corporation reported an EPS of $0.21, surpassing expectations by 50%. However, revenue figures were not disclosed, leading to a mixed market reaction.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, especially after recent EPS beats. However, uncertainty remains due to the lack of revenue guidance.

Bull Case

If NWS can continue its trend of beating EPS estimates and show strong revenue growth, it may signal a robust recovery in the publishing sector.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to a significant sell-off.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.25

EPS is a key indicator of a company's profitability and will help investors gauge financial health this quarter.

Revenue Growth

N/A

Revenue growth is essential for understanding how well the company is performing in the competitive publishing industry.

Digital Subscription Growth

N/A

As more consumers shift to digital platforms, tracking subscription growth will indicate how well NWS is adapting to market changes.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be, and how does it compare to the $0.25 consensus?

A strong EPS could reinforce positive sentiment, while a miss could raise concerns about profitability.

Is there any guidance on revenue growth or digital subscriptions?

Guidance on these metrics will be critical for assessing the company's future prospects and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for digital subscription growth, which could significantly boost revenue.

Supporting Evidence

Recent trends show a shift towards digital consumption, which NWS is well-positioned to capitalize on.

The options market indicates a higher expected move than historical averages, suggesting that traders anticipate significant news.

NWS has a track record of beating EPS estimates, which could continue if digital strategies are effective.

Key Risk

If digital subscription growth exceeds expectations, it could lead to a reevaluation of NWS's market position.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether NWS can sustain its recent EPS growth amidst challenges in the publishing industry.

Bull Confirmed If

An EPS of $0.30 or higher would confirm the bull case, suggesting strong profitability.

Bear Confirmed If

An EPS below $0.20 would indicate potential issues with profitability and market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±5.97%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a nearly 6% move, suggesting that traders expect significant volatility around the earnings announcement.

Options are pricing ±6.0% while NWS has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

22.3%

Calls (2K)P/C Ratio: 0.50Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NWS beats expectations, history suggests a potential stock increase of around 1.6%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating a potential drop of around 0.3%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on digital subscription growth metrics.
2Management's commentary on cost management and profitability strategies.
3Insights into advertising revenue trends.
4Guidance on future revenue expectations.
5Any strategic initiatives to enhance market share.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and will help investors gauge financial health this quarter.

$0.25

Revenue Growth

Revenue growth is essential for understanding how well the company is performing in the competitive publishing industry.

N/A

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

NWS Q4-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+15.92%

Avg Stock Reaction

+0.20%

Last Quarter Recap

In Q3-2026, News Corporation reported an EPS of $0.21, surpassing expectations by 50%. However, revenue figures were not disclosed, leading to a mixed market reaction.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, especially after recent EPS beats. However, uncertainty remains due to the lack of revenue guidance.

Bull Case

If NWS can continue its trend of beating EPS estimates and show strong revenue growth, it may signal a robust recovery in the publishing sector.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of declining revenue, it could lead to a significant sell-off.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.25

EPS is a key indicator of a company's profitability and will help investors gauge financial health this quarter.

Revenue Growth

N/A

Revenue growth is essential for understanding how well the company is performing in the competitive publishing industry.

Digital Subscription Growth

N/A

As more consumers shift to digital platforms, tracking subscription growth will indicate how well NWS is adapting to market changes.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be, and how does it compare to the $0.25 consensus?

A strong EPS could reinforce positive sentiment, while a miss could raise concerns about profitability.

Is there any guidance on revenue growth or digital subscriptions?

Guidance on these metrics will be critical for assessing the company's future prospects and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for digital subscription growth, which could significantly boost revenue.

Supporting Evidence

Recent trends show a shift towards digital consumption, which NWS is well-positioned to capitalize on.

The options market indicates a higher expected move than historical averages, suggesting that traders anticipate significant news.

NWS has a track record of beating EPS estimates, which could continue if digital strategies are effective.

Key Risk

If digital subscription growth exceeds expectations, it could lead to a reevaluation of NWS's market position.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether NWS can sustain its recent EPS growth amidst challenges in the publishing industry.

Bull Confirmed If

An EPS of $0.30 or higher would confirm the bull case, suggesting strong profitability.

Bear Confirmed If

An EPS below $0.20 would indicate potential issues with profitability and market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±5.97%

Historical Avg

±1.6%

Pricing rich

The options market is pricing in a nearly 6% move, suggesting that traders expect significant volatility around the earnings announcement.

Options are pricing ±6.0% while NWS has averaged ±1.6% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

22.3%

Calls (2K)P/C Ratio: 0.50Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NWS beats expectations, history suggests a potential stock increase of around 1.6%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating a potential drop of around 0.3%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on digital subscription growth metrics.
2Management's commentary on cost management and profitability strategies.
3Insights into advertising revenue trends.
4Guidance on future revenue expectations.
5Any strategic initiatives to enhance market share.