NEW YORK (TheStreet) -- Shares of Twenty-First Century Fox Inc (FOXA) are trading lower by 1.15% to $33.53 Wednesday afternoon, ahead of the media giant's earnings release for the third quarter ended in March.
The company is expected to report after the market closes today.
Analysts are expecting earnings of 39 cents per share, according to analysts polled by Thomson Reuters.
Revenue is expected to come in at $6.9 billion, down compared to the $7.35 billion it reported a year ago.
New York City-based Twenty-First Century Fox is a diversified global media and entertainment company that operates industry segments including cable network programming, television, filmed entertainment, and direct broadcast satellite television.
Insight from TheStreet's Research Team:
21st Century Fox is a core holding of Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. During the most recent weekly roundup, this is what Jim Cramer, Portfolio Manager & Jack Mohr, Director of Research - Action Alerts PLUS had to say about the stock:
Twenty-First Century Fox ( FOXA:Nasdaq; $34.50; 2,900 shares; 3.84%; Sector: Consumer Discretionary): The shares traded higher this week on little news. We would point out that The Vergereported earlier in the week that Hulu (owned by Disney (DIS), Comcast (CMCSA) and Fox) now has 9 million subscribers, an increase of 50% over the same period last year. Even more, the company earlier in the week landed a deal to stream all 180 episodes of Seinfeld. We love FOXA for its strong content and international growth story. We reiterate $42 target.
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Separately, TheStreet Ratings team rates TWENTY-FIRST CENTURY FOX INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TWENTY-FIRST CENTURY FOX INC (FOXA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: FOXA Ratings Report