Special Situations
FOXA: Consecutive Earnings Beats Continue, Enter/Hold for Upside
In its third consecutive earnings beat since entering the Special Situations Model Portfolio, Fox Corp. (FOXA) has another strong quarter behind it supported by ad revenue from the Super Bowl and the popularity of its original programming. With the election cycle about to kick into high gear, the company is confident in executing its planned share buyback program and continue its current growth trajectory.

  • Q2FY20 Earnings Surpass Consensus Estimates / Third Consecutive Beat Since Entering the Model Portfolio
  • Upbeat Cable Network Affiliate Fees Accounted for Half of Revenues / "The Masked Singer" Highest-Rated Reality Telecast
  • Super Bowl Assists with $600m in Gross Advertisement Revenue / Upcoming Election Cycle to Provide Further Boost
  • $500m in Shares Repurchased / Currently on Track for $2bn Total Buyback / Timeline Not Specified
  • Target Prices Revised Slightly / FOXA is a Current Special Situations Model Portfolio Holding
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