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Twenty-First Century Fox (FOXA) Falls: Stock Goes Down 6.2%

Zacks Equity Research

Twenty-First Century Fox, Inc. (FOXA) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for FOXA, as the stock is now down over 8% since Jul9, 2014.
The media giant has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (2 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
FOXA currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the same sector include Hanesbrands Inc. (HBI), Michael Kors Holdings Limited (KORS) and Columbia Sportswear Company (COLM). All these stocks hold a Zacks Rank #1 (Strong Buy).
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TWENTY FIRST CENTURY FOX CL A (FOXA): Free Stock Analysis Report

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COLUMBIA SPORTSWEAR CO (COLM): Free Stock Analysis Report

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