fuboTV (FUBO) Scheduled to Post Earnings on Friday

fuboTV (NYSE:FUBO) is scheduled to announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce 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.Investors 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 Friday, March 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business 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 Up 2.5 %

Shares of FUBO opened at $1.44 on Wednesday. The firm has a 50 day simple moving average of $1.59 and a two-hundred day simple moving average of $2.38. 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 one year low of $1.08 and a one year high of $3.87. The company has a market cap of $429.79 million, a P/E ratio of -1.34 and a beta of 1.99.

Insider Buying and Selling

In other fuboTV 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 transaction of $34,200.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FUBO shares. Wedbush reissued an “outperform” rating and set a $5.00 price target on shares of fuboTV in a research note on Thursday, April 25th. Needham & Company LLC decreased their target price on shares of fuboTV from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Roth Mkm cut their target price on shares of fuboTV from $3.25 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 7th. Finally, 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 research note on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.42.

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.