Fox Corporation combines a perfect four-quarter earnings beat streak (average surprise 40%) with a Piotroski F-Score of 9/9 and a forward P/E of 11.4x, but weak cash conversion, 28% short interest and only 7.6% analyst upside temper the case.
Thesis pillars
- Large Earnings Beat Streak→Stable
- Reasonable Forward Valuation↓Deteriorating
- Weak Cash Conversion↑Improving
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Aug 6, 2026
Fox Corporation (FOXA) Stock Analysis
Breakout setup
Communication Services · Entertainment
Wait for pullback to $62.17. At $69.65 the A.R:R is 0.3:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $62.17 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 3.2%; Sector modifier (Communication Services): -0.8.
Fox Corporation is a news, sports and entertainment company with two reportable segments: Cable Network Programming (FOX News, FOX Business, FOX Sports cable) and Television (FOX broadcast network, Tubi, and 29 owned full-power stations). Revenue comes from affiliate fees and... Read more
Wait for pullback to $62.17. At $69.65 the A.R:R is 0.3:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $62.17 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 3.2%; Sector modifier (Communication Services): -0.8. Chart setup: Golden cross, above all MAs, RSI 63, MACD bullish. Maintain position. Not compelling to add more. | News modifier +1 (HOLD_IF_HOLDING → STRONG_BUY_WAIT) Score 6.9/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 91d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
About Fox Corporation
About Fox Corporation
Fox Corporation's Television segment operates 29 owned-and-operated broadcast stations across 18 Nielsen-designated market areas, including 14 of the 15 largest, while its Tubi AVOD service streamed approximately 11 billion hours of content in fiscal 2025 across a library of nearly 300,000 movies and television episodes. The company holds marquee sports rights — including the NFL, MLB's World Series, NASCAR, and the FIFA Men's World Cup — under long-term contracts, and it derives a significant portion of its revenue from affiliate fees and advertising sales tied to a limited number of MVPD distributors.
Fox earns revenue primarily through affiliate fees paid by traditional and virtual MVPDs for carriage of its cable and broadcast networks, supplemented by national and local advertising sales tied to live news and sports programming, plus Tubi's advertising-supported streaming revenue. The company derives a significant portion of its revenue from a limited number of distributors, so renewing affiliation and carriage agreements on favorable terms is central to both affiliate-fee and advertising economics; a failed renewal can take networks dark on an MVPD's system entirely. FOX Sports has locked in a significant portion of its marquee sports rights, including the NFL, college football's Big Ten Conference, MLB's regular season and exclusive World Series rights, NASCAR, and the FIFA Men's World Cup, under long-term contracts, while FOX Entertainment Studios increasingly produces its own primetime content — including for competing streamers such as Netflix, Amazon Prime Video, Hulu, and Apple TV+ — to reduce reliance on third-party suppliers.
Show full overview
FOX's own subscriber count discloses the cord-cutting trend in numbers: FOX News fell from 67 million to 61 million U.S. households, FS1 from 67 million to 61 million, and the Big Ten Network from 45 million to 42 million between fiscal 2024 and fiscal 2025. Because most FOX affiliation agreements pay based on the number of MVPD subscribers covered, this multi-network subscriber decline pressures affiliate-fee revenue directly and shrinks the potential audience available to advertisers — a structural headwind the company says it expects to continue and possibly accelerate, independent of how well any single distributor negotiation goes.
See also: Communication Services · Entertainment
From Fox Corporation's most recent 10-K filing, extracted October 18, 2026.
Recent developments
updated Nov 4, 2026Recent Developments — Fox Corporation
Latest news
- NEWS Fox (FOXA) Stock Jumps On Q1 Earnings Despite Margin Pressure - Simply Wall St — Simply Wall St Nov 4, 2026 positive
- NEWS A Look at Fox Corp (FOXA) After 6.9% Gain -- GF Value $61.45 vs Price $67.10 - GuruFocus — GuruFocus Nov 3, 2026 positive
- NEWS Why FOX (FOXA) stock is trading up today - StockStory — StockStory Nov 3, 2026 positive
- NEWS Why FOX (FOXA) stock is trading up today - TradingView — TradingView Nov 3, 2026 positive
- NEWS Fox (FOXA) Reshuffles Its Legal Team, Is The 17% Undervalued View Convincing? - Simply Wall St — Simply Wall St Oct 28, 2026 positive
Latest item Nov 4, 2026 · Generated 2026-11-05T11:29:00Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerlimited number of distributors10-K Item 1A: 'the Company derives a significant portion of its revenues from a limited number of distributors'
- MEDIUMProductadvertising sales revenue10-K Item 1A: 'The Company derives substantial revenues from the sale of advertising'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 floor-breaker·1 ceiling hit
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $62.17. At $69.65 the A.R:R is 0.3:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $62.17 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Thin upside margin: 3.2%; Sector modifier (Communication Services): -0.8. Chart setup: Golden cross, above all MAs, RSI 63, MACD bullish. Maintain position. Not compelling to add more. | News modifier +1 (HOLD_IF_HOLDING → STRONG_BUY_WAIT) Target $71.87 (+3.2%), stop $59.29 (−17.5%), A.R:R 0.3:1. Score 6.9/10, moderate confidence.
Take-profit target: $71.87 (+3.2% upside). Target $71.87 (+3.2%), stop $59.29 (−17.5%), A.R:R 0.3:1. Stop-loss: $59.29.
Thin upside margin: 3.2%; Sector modifier (Communication Services): -0.8.
Fox Corporation trades at a P/E of 14.8 (forward 11.9). TrendMatrix value score: 7.5/10. Verdict: Buy (Wait for Entry).
28 analysts rate FOXA, with a consensus score of 3.9/5. 18 analysts publish price targets averaging $80.
What does Fox Corporation do?Fox Corporation is a news, sports and entertainment company with two reportable segments: Cable Network Programming...
Fox Corporation is a news, sports and entertainment company with two reportable segments: Cable Network Programming (FOX News, FOX Business, FOX Sports cable) and Television (FOX broadcast network, Tubi, and 29 owned full-power stations). Revenue comes from affiliate fees and advertising, primarily in the U.S. On June 14, 2026 it agreed to acquire Roku for cash and FOX Class A stock.