FuboTV (FUBO) Scheduled to Post Earnings on Friday

FuboTV (NYSE:FUBO) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. FuboTV has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

FuboTV (NYSE:FUBO) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.06. The company had revenue of $389.22 million for the quarter, compared to analyst estimates of $369.47 million. FuboTV had a negative return on equity of 74.58% and a negative net margin of 15.44%. 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

FUBO stock opened at $1.61 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $482.81 million, a P/E ratio of -1.86 and a beta of 1.79. The business’s 50-day moving average is $1.62 and its two-hundred day moving average is $1.43. FuboTV has a 1 year low of $1.10 and a 1 year high of $3.82.

Insider Buying and Selling at FuboTV

In related news, Director Neil Glat bought 25,000 shares of the stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $1.42 per share, for a total transaction of $35,500.00. Following the purchase, the director now owns 25,000 shares of the company’s stock, valued at $35,500. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FUBO shares. Seaport Res Ptn lowered FuboTV from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 19th. Barrington Research reissued a “market perform” rating on shares of FuboTV in a research report on Tuesday, August 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $2.00 target price on shares of FuboTV in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $2.88.

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.