fuboTV (FUBO) to Release Quarterly Earnings on Friday

fuboTV (NYSE:FUBO) will be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect fuboTV to post earnings of ($0.15) per share for the quarter. fuboTV has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

fuboTV (NYSE:FUBO) last issued its quarterly earnings results on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.08. fuboTV had a negative net margin of 21.01% and a negative return on equity of 72.09%. The business had revenue of $410.18 million during the quarter, compared to analyst estimates of $397.37 million. On average, analysts expect fuboTV to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

fuboTV Stock Up 2.5 %

NYSE:FUBO opened at $1.44 on Wednesday. The company has a market cap of $429.79 million, a price-to-earnings ratio of -1.34 and a beta of 1.99. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s fifty day moving average price is $1.59 and its two-hundred day moving average price is $2.38. fuboTV has a 52-week low of $1.08 and a 52-week high of $3.87.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FUBO shares. Roth Mkm decreased their price target on fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Wedbush reaffirmed an “outperform” rating and issued a $5.00 target price on shares of fuboTV in a research note on Thursday, April 25th. Evercore ISI dropped their price target on shares of fuboTV from $3.00 to $2.50 and set an “in-line” rating for the company in a research note on Monday, March 4th. Finally, Needham & Company LLC reduced their price objective on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.42.

Insider Buying and Selling

In other fuboTV news, CFO John Janedis sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1.90, for a total value of $34,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.70% of the stock is owned by insiders.

About fuboTV

fuboTV Inc operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. The company's platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. fuboTV Inc was incorporated in 2009 and is headquartered in New York, New York.