fuboTV (FUBO) Scheduled to Post Earnings on Friday

fuboTV (NYSE:FUBO) is set to post 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.Parties interested in registering for the company’s conference call can do so using this link.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data 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 return on equity of 72.09% and a negative net margin of 21.01%. 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 Price Performance

Shares of NYSE FUBO opened at $1.37 on Friday. The stock has a fifty day simple moving average of $1.63 and a two-hundred day simple moving average of $2.40. fuboTV has a 1-year low of $1.03 and a 1-year high of $3.87. The firm has a market cap of $408.82 million, a price-to-earnings ratio of -1.28 and a beta of 1.99. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.38.

Wall Street Analyst Weigh In

FUBO has been the subject of several research reports. Roth Mkm reduced their price objective on fuboTV from $3.25 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, February 7th. Wedbush reissued an “outperform” rating and set a $5.00 price objective on shares of fuboTV in a report on Thursday. Evercore ISI reduced their price objective on fuboTV from $3.00 to $2.50 and set an “in-line” rating for the company in a report on Monday, March 4th. Finally, Needham & Company LLC cut their price target on fuboTV from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, March 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, fuboTV presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.42.

Insider Transactions at fuboTV

In other news, CFO John Janedis sold 18,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1.90, for a total value of $34,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.