Estimate Watch for News Corporation (NASDAQ:NWSA)

EPS is commonly considered to be one of the most important factors when evaluating the price of a share. Taking a look at the current quarter consensus earnings per share estimate provided by Zacks Research, we can see that the number for News Corporation (NASDAQ:NWSA) is 0.06. This estimate is using projections provided by 2 Wall Street analysts. Last quarter, the company notched a quarterly EPS of 0.17. Trading around earnings reports can be difficult. Gauging which direction a stock will shift after earnings can sometimes be a toss up. Sometimes, companies may report great numbers with a solid beat, and the stock will head lower. Other times, a stock will miss projections, but the price will rise. Traders who are able to take on the risk may be able to withstand the high volatility that could follow after the report is released.

Investors may be combing through all the latest earnings reports and trying to make sense of all the numbers. With lots of information readily available, investors may be searching for that next batch of stocks to add to the portfolio. Finding high quality stocks may be at the top of the investor’s checklist. Once high quality stocks are spotted, the investor may be then looking for bargains among those stocks. Many investors will look for stocks that have displayed consistent earnings growth over an extended period of time. When a company drastically over performs for a quarter, investors may be quick to investigate. The same things may be done if a company severely underperforms compared to projections. 

Sell-side Street analysts often offer stock ratings for companies that they cover. Based on analysts polled by Zacks Research, the present average broker rating on shares of News Corporation (NASDAQ:NWSA) is presently 2.62. This average rating includes analysts who have given Sell, Buy and Hold ratings on the equity. This rating uses a numerical recommendation scale from 1 to 5. A score of 1 would represent a Buy recommendation, and a score of 5 would indicate a Sell recommendation. Out of all the analysts providing recommendations, 2 have rated the stock a Strong Buy or Buy, based on data provided by Zacks Research.

Taking a look at some target price information, we note that shares of News Corporation (NASDAQ:NWSA) presently have an average target price of $14.13. This is the consensus target price using estimates offered by analysts polled by Zacks Research. Sell-side analysts can calculate price target projections using various methods. Many investors will track stock target prices, especially when analysts make changes to the target. A thorough research report will generally give detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the data to help with their own stock research.

Let’s shift the focus and look at some historical stock price action on shares of News Corporation (NASDAQ:NWSA). After a recent market scan, we have seen that the stock has been trading near the $12.92 level. Investors may also be tracking the current stock price in relation to its 52-week high and low. The 52-week high is currently sitting at $16.64, and the 52-week low is $10.87. When the stock starts moving towards the 52-week high or 52-week low, investors may pay added attention to see if there will be a breakthrough that level. Over the last 12 weeks, the stock has moved -6.44%. Since the beginning of the calendar year, we can see that shares have changed 13.83%. Over the past 4 weeks, shares have moved 5.81%. Over the previous 5 sessions, the stock has moved 1.97%.

Investors may be analyzing the portfolio as we continue to move closer to the end of the year. Studying first half results may assist to identify trades that panned out, and those that didn’t. Keeping tabs on pervious trade outcomes may be a good way to accurately see what actually happened. It may be necessary to dig a little deeper to try and figure out why certain trades worked, and why others did not. Many investors may feel like they have missed the boat, and they may be wondering if stocks will see increased momentum closing out the year. Attaining comprehensive knowledge of the markets may take years to truly figure out. Combining technical analysis and tracking fundamentals may help the investor see the complete picture and develop confidence for trading into the future. Being able to sift through the endless sea of information may take some perseverance and extreme focus.