News Corp Stock Poised To Grow?

by Trefis Team
+25.77%
Upside
23.82
Market
29.96
Trefis
NWSA
News Corp
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News Corp (NASDAQ:NWSA) stock, a diversified media company that includes news and information services, book publishing, digital real estate services, and subscription video services (in Australia), has increased by almost 10% over the last ten trading days and currently stands at around $23. The market probably reacted upwards on the company’s beat on top and bottom lines in its fiscal second-quarter earnings. In comparison, the broader S&P 500 returned over 2% growth over the last ten days. While the company’s stock has remained largely flat in the last five days, can it rebound from here? We believe that the company’s stock is still undervalued at 40x consensus 2021 earnings and that the stock could grow going forward. Specifically, there is a 53% chance of a rise in NWSA’s stock over the next month (twenty-one trading days) based on our machine learning analysis of trends in the stock price over the last five years. See our analysis on News Corp Stock Chances of Rise for more details.

5D: NWSA 0.1%, vs. S&P500 0.4%; Underperformed market (54% likelihood event)

  • News Corp. stock rose 0.1% over a five-day trading period ending 2/18/2021, compared to a broader market (S&P500) rise of 0.4%
  • A change of 0.1% or more over five trading days is a 54% likelihood event, which has occurred 675 times out of 1256 in the last five years

10D: NWSA 14%, vs. S&P500 2.5%; Outperformed market (3% likelihood event)

  • News Corp. stock rose 14% over the last ten trading days (two weeks), compared to broader market (S&P500) rise of 2.5%
  • A change of 14% or more over ten trading days is a 3% likelihood event, which has occurred 43 times out of 1240 in the last five years

21D: NWSA 21%, vs. S&P500 3.4%; Outperformed market (5% likelihood event)

  • News Corp. stock rose 21% the last twenty-one trading days (one month), compared to broader market (S&P500) rise of 3.4%
  • A change of 21% or more over twenty-one trading days is a 5% likelihood event, which has occurred 67 times out of 1198 in the last five years

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio to beat the market, with over 100% return since 2016, versus 55% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.

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