Twenty-First Century Fox is scheduled to report fiscal fourth-quarter earnings after the market close Wednesday.

Here's what Wall Street expects:

• Earnings: 54 cents a share, forecast by Thomson Reuters
• Revenue: $7.56 billion, forecast by Thomson Reuters

Shares of Fox have surged 62 percent in the past 12 months, hitting a fresh all-time intraday high of $50.15 on June 29.

The Rupert Murdoch-controlled company is locked in a bidding war with Comcast over the 61 percent of Sky it does not currently own. On Tuesday, Fox formally submitted its 14 pounds a share offer to buy the pay TV operator. That bid is still below Comcast's 14.75 pounds a share offer for Sky. Fox now has until Sept. 22 to submit a revised offer.