fuboTV Inc. (NYSE:FUBO) Expected to Post Quarterly Sales of $209.55 Million

Brokerages expect fuboTV Inc. (NYSE:FUBO) to report $209.55 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for fuboTV’s earnings, with the lowest sales estimate coming in at $208.45 million and the highest estimate coming in at $209.98 million. fuboTV posted sales of $105.08 million in the same quarter last year, which would suggest a positive year over year growth rate of 99.4%. The company is scheduled to report its next quarterly earnings results on Tuesday, March 1st.

On average, analysts expect that fuboTV will report full year sales of $616.85 million for the current year, with estimates ranging from $615.74 million to $617.28 million. For the next year, analysts expect that the company will post sales of $1.09 billion, with estimates ranging from $1.03 billion to $1.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for fuboTV.

fuboTV (NYSE:FUBO) last released its quarterly earnings data on Tuesday, November 9th. The company reported ($0.59) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.65) by $0.06. fuboTV had a negative net margin of 85.46% and a negative return on equity of 48.14%. The firm had revenue of $156.69 million for the quarter, compared to the consensus estimate of $143.49 million.

A number of brokerages have recently issued reports on FUBO. Barrington Research cut shares of fuboTV from an “outperform” rating to a “market perform” rating in a research report on Monday, November 15th. BTIG Research initiated coverage on shares of fuboTV in a research report on Wednesday, October 27th. They set a “neutral” rating for the company. Zacks Investment Research cut shares of fuboTV from a “hold” rating to a “sell” rating in a research report on Tuesday, October 12th. BMO Capital Markets upped their price objective on shares of fuboTV from $25.00 to $30.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 11th. Finally, Roth Capital upped their price objective on shares of fuboTV from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, August 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, fuboTV presently has a consensus rating of “Hold” and an average price target of $42.13.

Shares of fuboTV stock traded up $0.77 during trading on Thursday, reaching $21.26. The company’s stock had a trading volume of 7,044,320 shares, compared to its average volume of 13,264,186. The business’s 50-day moving average price is $26.71 and its 200-day moving average price is $26.88. The firm has a market cap of $3.07 billion, a PE ratio of -4.75 and a beta of 3.08. fuboTV has a 52 week low of $14.64 and a 52 week high of $62.29. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.53.

In other news, CEO David Gandler sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $34.46, for a total value of $1,723,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 13.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. boosted its holdings in shares of fuboTV by 40.4% during the 3rd quarter. First Mercantile Trust Co. now owns 27,125 shares of the company’s stock worth $650,000 after buying an additional 7,800 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of fuboTV by 30.1% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,110 shares of the company’s stock worth $98,000 after buying an additional 950 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of fuboTV by 15.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 418,348 shares of the company’s stock worth $10,023,000 after buying an additional 55,672 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of fuboTV by 86.3% during the 3rd quarter. Captrust Financial Advisors now owns 7,092 shares of the company’s stock worth $170,000 after buying an additional 3,285 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of fuboTV by 29.5% during the 3rd quarter. Cetera Investment Advisers now owns 9,410 shares of the company’s stock worth $225,000 after buying an additional 2,142 shares in the last quarter. 37.61% of the stock is owned by institutional investors and hedge funds.

fuboTV Company Profile

fuboTV, Inc operates as a digital entertainment company. It focuses on offering consumers a live television (TV) streaming platform for sports, news and entertainment through fuboTV. The company was founded by David Gandler, Alberto Horihuela Suarez and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.

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Earnings History and Estimates for fuboTV (NYSE:FUBO)

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