fuboTV (FUBO) to Release Earnings on Friday

fuboTV (NYSE:FUBO) is scheduled to be posting its quarterly earnings results 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.Investors interested in listening to the company’s 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 the consensus estimate 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 for the quarter, compared to the consensus estimate 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 Price Performance

Shares of NYSE:FUBO opened at $1.43 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.75. fuboTV has a 1-year low of $1.08 and a 1-year high of $3.87. The company has a market capitalization of $428.83 million, a P/E ratio of -1.34 and a beta of 1.99. The firm’s 50 day simple moving average is $1.58 and its two-hundred day simple moving average is $2.37.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FUBO shares. Evercore ISI lowered their price target on shares of fuboTV from $3.00 to $2.50 and set an “in-line” rating on the stock in a report on Monday, March 4th. Cantor Fitzgerald reissued an “overweight” rating and issued a $2.90 target price on shares of fuboTV in a report on Wednesday. Needham & Company LLC lowered their target price on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Roth Mkm lowered their target price on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, February 7th. Finally, Wedbush reissued an “outperform” rating and issued a $5.00 target price on shares of fuboTV in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3.07.

Insider Buying and Selling at fuboTV

In other fuboTV news, CFO John Janedis sold 18,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1.90, for a total transaction of $34,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.70% of the company’s stock.

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.