Here's What to Expect When 21st Century Fox (FOX) Posts Earnings Wendesday

NEW YORK (TheStreet) -- Shares of Shares of Twenty-First Century Fox Inc (FOX) are down 0.78% to $32.94 in afternoon trading Wednesday, ahead of the media giant's third quarter earnings release.

The company is expected to post results for its latest quarter ended in March, after the market closes today.

For the quarter, 21st Century Fox is expected to earn 39 cents per share, according to analysts polled by Thomson Reuters.

The company is expected to post revenue of $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.

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 (FOX) 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."

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

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