News Corp Q4 revenue beats on overall segment growth
NWSA•Outlook and analyst coverage
News Corp did not provide specific financial guidance for the upcoming quarter or fiscal year.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell". The average consensus recommendation for the consumer publishing peer group is "buy".
Wall Street's median 12-month price target for News Corporation is $34.00, about 18.9% above its August 4 closing price of $28.59. The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago.
Q4 revenue and EPS beat estimates
News Corp said fiscal fourth-quarter revenue rose 11%, beating analyst expectations, and adjusted EPS also came in above estimates.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q4 Revenue | Beat | $2.34 bln | $2.23 bln (6 Analysts) |
| Q4 Adjusted EPS | Beat | $0.35 | $0.21 (4 Analysts) |
| Q4 EPS | $0.33 | ||
| Q4 Segment EBITDA | $423 mln |
Growth driven by Digital Real Estate, Dow Jones and Book Publishing
The company said growth was driven by Digital Real Estate, Book Publishing and Dow Jones segments.
- Digital Real Estate growth - Higher revenues at REA Group and Move, driven by strong Australian residential performance, price increases and premium offerings.
