Noble Financial Forecasts Reduced Earnings for Beachbody

Key Points

• Noble Financial lowered its FY2027 EPS forecast for Beachbody to $1.17 from $1.23, while maintaining an “Outperform” rating. The broader analyst consensus is a “Moderate Buy,” with an average price target of $14.33.
• Beachbody shares opened at $6.29, down 38.5%, and remain well below their 50-day and 200-day moving averages. The stock has traded between $4.05 and $16.87 over the past year.
• The company’s latest quarterly results exceeded expectations, reporting $0.32 EPS versus a forecasted $0.08 loss and revenue of $54.28 million versus estimates of $51.77 million. Institutional investors own approximately 74.48% of Beachbody’s shares.

The Beachbody Company, Inc. (NASDAQ:BODI - Free Report) - Research analysts at Noble Financial reduced their FY2027 earnings per share (EPS) estimates for Beachbody in a report released on Tuesday, August 11th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings per share of $1.17 for the year, down from their prior estimate of $1.23. Noble Financial currently has a "Outperform" rating on the stock. The consensus estimate for Beachbody's current full-year earnings is $0.37 per share.

Several other brokerages have also issued reports on BODI. Zacks Research lowered shares of Beachbody from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 11th. Weiss Ratings upgraded Beachbody from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Thursday, June 11th. Canaccord Genuity Group lifted their price target on Beachbody from $15.00 to $19.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Roth Capital reiterated a "neutral" rating and issued a $9.00 price objective on shares of Beachbody in a report on Tuesday. Finally, Wall Street Zen lowered Beachbody from a "buy" rating to a "hold" rating in a research report on Saturday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $14.33.

Beachbody Stock Down 38.5%

Shares of NASDAQ BODI opened at $6.29 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average of $10.11 and a 200-day moving average of $10.67. The firm has a market capitalization of $45.55 million, a price-to-earnings ratio of 3.86 and a beta of 1.02. Beachbody has a 12 month low of $4.05 and a 12 month high of $16.87.

Beachbody (NASDAQ:BODI - Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.40. The business had revenue of $54.28 million for the quarter, compared to analyst estimates of $51.77 million. Beachbody had a return on equity of 46.94% and a net margin of 5.68%.

Hedge Funds Weigh In On Beachbody

Institutional investors and hedge funds have recently made changes to their positions in the business. Cruiser Capital Advisors LLC purchased a new position in Beachbody in the 3rd quarter worth $117,000. Geode Capital Management LLC boosted its position in Beachbody by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 32,503 shares of the company's stock valued at $337,000 after buying an additional 1,125 shares during the period. Renaissance Technologies LLC grew its stake in shares of Beachbody by 54.0% during the fourth quarter. Renaissance Technologies LLC now owns 52,769 shares of the company's stock valued at $547,000 after buying an additional 18,505 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Beachbody in the fourth quarter worth about $140,000. Finally, State Street Corp purchased a new position in shares of Beachbody in the fourth quarter worth about $166,000. Institutional investors own 74.48% of the company's stock.

Beachbody Company Profile

Beachbody is a consumer-oriented health and fitness company based in Santa Monica, California. Founded in 1998 by Carl Daikeler and Jon Congdon, the company originally gained prominence through at-home workout programs distributed on DVD. Over time, Beachbody has transitioned much of its content delivery to a subscription-based digital platform, offering on-demand streaming of exercise routines, meal plans and wellness coaching.

The company’s portfolio includes a range of branded fitness programs—such as P90X, Insanity, 21 Day Fix and Body Beast—alongside nutrition and supplement products marketed under the Beachbody Nutrition brand.

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