FuboTV (FUBO) Scheduled to Post Earnings on Friday

FuboTV (NYSE:FUBO) is set to release its earnings data before the market opens on Friday, November 1st. Analysts expect FuboTV to post 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.Persons interested in participating in the company’s earnings conference call can do so using this link.

FuboTV (NYSE:FUBO) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.06. The firm had revenue of $389.22 million during the quarter, compared to analysts’ expectations 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 Stock Performance

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

Insider Buying and Selling

In other news, Director Neil Glat bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of $1.42 per share, with a total value of $35,500.00. Following the purchase, the director now owns 25,000 shares in the company, valued at approximately $35,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FUBO. Barrington Research reissued a “market perform” rating on shares of FuboTV in a research note on Tuesday, August 20th. Seaport Res Ptn lowered FuboTV from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $2.00 price target on shares of FuboTV in a research note on Monday, August 19th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, FuboTV currently has an average rating of “Hold” and an average target price of $2.88.

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.