Why 21st Century Fox (FOXA) Stock Is Gaining in After-Hours Trading Today

NEW YORK (TheStreet) -- 21st Century Fox (FOXA) was gaining 2.1% to $33.00 after-hours Wednesday after beating analysts' estimates for earnings and revenue in the second quarter.

For the second quarter the company reported earnings of 48 cents a share, while analysts surveyed by FactSet expected earnings of 38 cents a share. 21st Century Fox reported revenue of $8.42 billion for the second quarter, above analysts' estimates of $8 billion for the quarter.

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TheStreet Ratings team rates TWENTY-FIRST CENTURY FOX INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate TWENTY-FIRST CENTURY FOX INC (FOXA) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

FOXA ChartFOXA data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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