analysis of statistics

21St Centry Fox Class A (NASDAQ:FOXA) shares traded on -2.81% below secure line and closed at $34.24. The stock exchanged hands 7.49 Million shares versus average trading capacity of 6.52 Million shares. It has a market cap of $21.14 Billion.

Wall Street analysts are predicting that 21St Centry Fox Class A (NASDAQ:FOXA) will report earnings per share of $0.59 in their quarterly report. For the current quarter 21St Centry Fox Class A (NASDAQ:FOXA) has high EPS estimates of $0.68 in contradiction of low EPS estimates of $0.49. Average estimation for the current quarter has been provided by 20 analysts.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.

A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Previously 21St Centry Fox Class A (NASDAQ:FOXA) reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09 with surprise factor of 13.4%.

21St Centry Fox Class A (NASDAQ:FOXA) has average revenue estimates of $2.5 Billion, compared to low analyst estimates of $2.39 Billion and high estimates of $2.63 Billion for the current quarter. A total number of 16 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $11.3 Billion compared to low analyst estimates of $11.06 Billion and high estimates of $11.47 Billion according to the prediction of 20 analysts.

Taking a broader look at the analyst consensus, according to 20 analysts 21St Centry Fox Class A (NASDAQ:FOXA)’s price will reach at $44.29 during 52 weeks. Its minimum price target estimates has been figured out at $33 while the maximum price target forecast is established at $52.

On the other hand 21St Centry Fox Class A (NASDAQ:FOXA) has Relative Strength Index (RSI 14) of 30.06 along with Average True Range (ATR 14) of 0.91. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.

Consequently 21St Centry Fox Class A (NASDAQ:FOXA)’s weekly and monthly volatility is 2.74%, 2.41% respectively.