Maxim Group Has Bullish Estimate for CAST Q1 Earnings

Key Points

• Maxim Group raised its Q1 2027 EPS estimate for FreeCast to a loss of $0.06 per share from a previous forecasted loss of $0.08. The firm projects a $0.23 per-share loss for full-year 2027.
• FreeCast’s latest quarterly results significantly missed expectations, with a $0.37-per-share loss versus the $0.08 consensus estimate and revenue of $0.36 million.
• Analyst sentiment remains mixed but averages a “Hold” rating, with one Buy, one Hold and one Sell recommendation and a consensus price target of $6.00. CAST opened at $1.18, well below its 52-week high of $33.00.

FreeCast (Direct Listing) (NASDAQ:CAST - Free Report) - Maxim Group raised their Q1 2027 earnings per share (EPS) estimates for shares of FreeCast (Direct Listing) in a research report issued to clients and investors on Thursday, October 1st. Maxim Group analyst A. Klee now anticipates that the company will earn ($0.06) per share for the quarter, up from their prior forecast of ($0.08). The consensus estimate for FreeCast (Direct Listing)'s current full-year earnings is ($0.23) per share. Maxim Group also issued estimates for FreeCast (Direct Listing)'s Q2 2027 earnings at ($0.06) EPS, Q4 2027 earnings at ($0.05) EPS and FY2027 earnings at ($0.23) EPS.

CAST has been the topic of a number of other research reports. Weiss Ratings raised FreeCast (Direct Listing) from a "sell (e-)" rating to a "sell (e)" rating in a research report on Monday, September 14th. Zacks Research upgraded FreeCast (Direct Listing) to a "hold" rating in a research note on Wednesday, June 10th. Finally, Wall Street Zen raised FreeCast (Direct Listing) from a "sell" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.00.

FreeCast (Direct Listing) Price Performance

Shares of NASDAQ:CAST opened at $1.18 on Monday. The company's 50-day moving average price is $1.35 and its two-hundred day moving average price is $2.49. FreeCast has a one year low of $0.50 and a one year high of $33.00. The stock has a market capitalization of $59.93 million and a PE ratio of -6.56.

FreeCast (Direct Listing) (NASDAQ:CAST - Get Free Report) last issued its quarterly earnings results on Monday, September 28th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.29). The firm had revenue of $0.36 million for the quarter.

FreeCast (Direct Listing) Company Profile

FreeCast, Inc is a media and entertainment technology company that develops streaming aggregation services. Its platform is designed to bring together free, ad-supported streaming television, on-demand programming, live channels and subscription-based content in a unified viewing experience, helping consumers discover and access content from multiple sources.

The company offers consumer-facing streaming products and related technology intended to simplify television viewing across connected TVs, mobile devices and other internet-enabled platforms.

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