Can News Corp’s Stock Rebound After An 8% Decline?

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Upside
15.72
Market
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NWSA: News logo
NWSA
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News Corp’s stock (NASDAQ: NWSA) has declined by 8% in the last twenty-one trading days (one month). In comparison, the broader S&P500 index grew 3% over the same period. News Corp, a global, diversified media and information services company, beat on both top and bottom lines in its fiscal first-quarter earnings on November 4 and saw its stock rise almost 4% following the Q1 release. The company’s revenues grew 18% year-over-year (y-o-y) to $2.5 billion while its profitability rose 53% y-o-y to 33 cents –  driven by significant revenue expansion and strong EBITDA growth in all operating segments. However, the media company’s stock price is down 6% since then. 

Now, is NWSA stock still poised to fall? Based on our machine learning analysis of trends in the stock price over the last eight years, there is a 58% chance of a rise in NWSA stock over the next month (twenty-one trading days). See our analysis on NWSA’s Stock Chance Of Rise for more details.

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And if you are considering NWSA’s stock as an investment option over a longer time frame, you can explore our forecast for News Corp Valuation

Also, News Corp Peer Comparisons summarizes how the company fares against peers on metrics that matter.

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

Returns Nov 2021
MTD [1]
2021
YTD [1]
2017-21
Total [2]
NWSA Return -8% 22% 92%
S&P 500 Return 3% 25% 110%
Trefis MS Portfolio Return -2% 49% 304%

[1] Month-to-date and year-to-date as of 11/26/2021
[2] Cumulative total returns since 2017

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