fuboTV Inc. (NYSE:FUBO) Expected to Announce Quarterly Sales of $238.42 Million

Equities analysts expect fuboTV Inc. (NYSE:FUBOGet Rating) to announce sales of $238.42 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for fuboTV’s earnings. The lowest sales estimate is $234.96 million and the highest is $239.92 million. fuboTV posted sales of $119.72 million in the same quarter last year, which would indicate a positive year over year growth rate of 99.1%. The company is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that fuboTV will report full-year sales of $1.10 billion for the current financial year. For the next year, analysts expect that the company will post sales of $1.57 billion, with estimates ranging from $1.47 billion to $1.65 billion. Zacks’ sales averages are an average based on a survey of research firms that cover fuboTV.

fuboTV (NYSE:FUBOGet Rating) last released its earnings results on Wednesday, February 23rd. The company reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.10). fuboTV had a negative return on equity of 52.98% and a negative net margin of 59.84%. The company had revenue of $231.06 million during the quarter, compared to analysts’ expectations of $213.27 million. During the same quarter in the previous year, the company earned ($0.39) EPS. The firm’s quarterly revenue was up 119.9% compared to the same quarter last year.

A number of equities research analysts have issued reports on FUBO shares. Wedbush cut their target price on shares of fuboTV from $53.00 to $32.00 in a research report on Tuesday, January 11th. Oppenheimer cut their target price on shares of fuboTV from $42.00 to $16.00 in a research report on Monday, February 14th. Zacks Investment Research upgraded shares of fuboTV from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Wednesday. Stephens began coverage on shares of fuboTV in a report on Monday, April 25th. They set an “equal weight” rating and a $6.00 price target on the stock. Finally, Needham & Company LLC cut their price target on shares of fuboTV from $60.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, January 21st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.35.

FUBO stock opened at $3.79 on Friday. fuboTV has a 12-month low of $3.75 and a 12-month high of $35.10. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.47. The company has a market cap of $584.08 million, a price-to-earnings ratio of -1.37 and a beta of 3.61. The company has a 50 day moving average of $6.62 and a two-hundred day moving average of $14.40.

In related news, insider Alberto Horihuela sold 161,454 shares of the firm’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $7.56, for a total value of $1,220,592.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 13.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. grew its stake in fuboTV by 3.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 23,005 shares of the company’s stock valued at $551,000 after buying an additional 670 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in fuboTV by 30.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,110 shares of the company’s stock worth $98,000 after purchasing an additional 950 shares during the last quarter. Swiss National Bank grew its position in fuboTV by 0.9% in the 4th quarter. Swiss National Bank now owns 109,100 shares of the company’s stock worth $1,693,000 after purchasing an additional 1,000 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in fuboTV by 55.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,800 shares of the company’s stock worth $43,000 after purchasing an additional 1,000 shares during the last quarter. Finally, IFP Advisors Inc grew its position in fuboTV by 117.9% in the 4th quarter. IFP Advisors Inc now owns 2,495 shares of the company’s stock worth $44,000 after purchasing an additional 1,350 shares during the last quarter. Institutional investors and hedge funds own 40.78% of the company’s stock.

fuboTV Company Profile (Get Rating)

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

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Earnings History and Estimates for fuboTV (NYSE:FUBO)

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