fuboTV (FUBO) Scheduled to Post Earnings on Friday

fuboTV (NYSE:FUBO) is scheduled 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 participating in the company’s conference call can do so using this link.

fuboTV (NYSE:FUBO) last posted its quarterly earnings data on Friday, March 1st. The company reported ($0.21) earnings per share for the quarter, topping 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 company had revenue of $410.18 million for 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 Performance

fuboTV stock opened at $1.37 on Friday. 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 $1.03 and a 1-year high of $3.87. The firm has a market capitalization of $408.82 million, a P/E ratio of -1.28 and a beta of 1.99. The company’s 50-day moving average is $1.63 and its 200 day moving average is $2.40.

Analysts Set New Price Targets

FUBO has been the topic of a number of recent analyst reports. 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 report on Friday, March 1st. Wedbush reissued an “outperform” rating and issued a $5.00 price objective on shares of fuboTV in a research report on Thursday. Evercore ISI decreased 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, Roth Mkm decreased their price target on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $3.42.

Insider Activity

In other news, CFO John Janedis sold 18,000 shares of fuboTV stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.70% of the company’s stock.

fuboTV Company Profile

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.