News Corporation (NWSA) — Estimates & Forecasts
Proprietary EPS, revenue & margin forecasts — FY+1 to FY+4
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Proprietary EPS, revenue & margin forecasts — FY+1 to FY+4
| Metric | 2023 | 2024 | 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|
| Net Income | $149M | $266M | $1.2B | $1.0B | $1.0B | $1.1B | $1.1B |
| EPS (Diluted) | $0.26 | $0.46 | $2.07 | $1.77 | $1.80 | $1.94 | $1.98 |
| YoY Growth | — | +78.5% | +343.6% | -15.1% | +1.1% | +6.9% | +1.8% |
| Net Margin | 1.9% | 3.2% | 14.0% | 11.4% | 11.6% | 12.4% | 12.4% |
| Metric | 2025A | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|
| Revenue | $8.5B | $8.8B | $8.7B | $8.7B | $8.9B |
| Net Income | $1.2B | $1.0B | $1.0B | $1.1B | $1.1B |
| EPS (Diluted) | $2.07 | $1.77 | $1.80 | $1.94 | $1.98 |
| Free Cash Flow | $727M | $2.1B | $2.2B | $2.2B | $2.2B |
Forecast is usable, but expect normal estimate drift around earnings and macro events.
News Corporation's projected EPS for the next fiscal year is $1.77. This estimate blends our quantitative model with Wall Street analyst consensus and carries a confidence score of 55/100. The model factors in revenue trajectory, margin path, and share buyback trends to arrive at this figure.
Our scenario-based model produces three price targets for News Corporation: Bear case $4, Base case $21, and Bull case $17. These targets are derived by applying the median historical P/E ratio to forward EPS estimates under each growth scenario. They are not buy/sell recommendations.
News Corporation's projected revenue growth for the next fiscal year is -1.0%, reaching approximately $8.8B in total revenue. Growth estimates are probability-weighted and blend analyst consensus with our CAGR extrapolation model. Outer years (FY+3, FY+4) fade toward industry median growth rates.
Accuracy depends on several measurable factors. Our model confidence score of 55/100 is computed from revenue predictability (25% weight), margin stability (20%), historical earnings beat rate (20%), data depth (15%), analyst coverage (10%), and model-consensus agreement (10%). Currently expanding margins support higher forecast reliability. No forecast model is perfect — always cross-reference with your own analysis.
News Corporation's forward operating margin is estimated at 11.0% for the next fiscal year. The margin trend is currently "expanding". Our model tracks margin mean-reversion patterns and adjusts for sector-specific cost dynamics. Operating leverage is a key driver of EPS growth beyond top-line revenue expansion.
The v2 model uses a multi-step process: (1) Revenue is projected via blended CAGR with probability weighting, (2) Operating and net margins follow a mean-reversion path calibrated to sector norms, (3) EPS is derived from net income divided by projected diluted shares (accounting for buyback trends), (4) For FY+1 and FY+2, estimates are blended with analyst consensus based on coverage depth, (5) Price targets apply median historical P/E to forward EPS under bear/base/bull growth scenarios. All inputs are from public filings and third-party data providers.
The bear case ($4) assumes P25 revenue growth, worst-case margins, and multiple compression. Key risks include: unexpected margin contraction, revenue deceleration below model floor, regulatory headwinds, macro deterioration, or competitive disruption. A confidence score below 60 suggests higher estimate volatility. Always size positions according to the full scenario range, not just the base case.
Our model is above Wall Street consensus with a 68.4% gap. For FY+1, analyst estimates blend with our model at 15% analyst weight. By FY+3 and FY+4, estimates are purely model-driven as analyst coverage thins out at longer horizons.