fuboTV Inc. (NYSE:FUBO) Expected to Announce Quarterly Sales of $102.98 Million

Last updated on Friday, March 19, 2021 | 2021 MarketBeat

Wall Street analysts expect fuboTV Inc. (NYSE:FUBO) to announce $102.98 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for fuboTV's earnings, with estimates ranging from $102.16 million to $104.80 million. fuboTV reported sales of $7.30 million during the same quarter last year, which indicates a positive year over year growth rate of 1,310.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, July 5th.

On average, analysts expect that fuboTV will report full-year sales of $472.05 million for the current fiscal year, with estimates ranging from $465.03 million to $480.44 million. For the next financial year, analysts forecast that the business will report sales of $749.74 million, with estimates ranging from $697.67 million to $773.82 million. Zacks Investment Research's sales calculations are an average based on a survey of research firms that that provide coverage for fuboTV.

fuboTV (NYSE:FUBO) last released its earnings results on Monday, March 1st. The company reported ($2.29) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.53) by ($1.76). The business had revenue of $105.08 million during the quarter, compared to analyst estimates of $93.94 million. The company's quarterly revenue was up 97.7% on a year-over-year basis. During the same quarter last year, the business earned ($1.07) earnings per share.

A number of analysts have recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of fuboTV from $50.00 to $45.00 in a report on Wednesday, March 3rd. Roth Capital raised their price target on shares of fuboTV from $36.50 to $55.00 in a report on Tuesday, December 22nd. Wedbush raised their price target on shares of fuboTV from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Monday, February 1st. Zacks Investment Research raised shares of fuboTV from a "hold" rating to a "buy" rating and set a $47.00 price target on the stock in a report on Wednesday, March 3rd. Finally, Barrington Research assumed coverage on shares of fuboTV in a report on Thursday, January 21st. They set an "outperform" rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of "Buy" and a consensus target price of $44.67.

In related news, CEO David Gandler sold 42,584 shares of the firm's stock in a transaction that occurred on Thursday, March 4th. The shares were sold at an average price of $32.26, for a total value of $1,373,759.84. Following the transaction, the chief executive officer now owns 1,241,308 shares of the company's stock, valued at $40,044,596.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 27.44% of the company's stock.

Large investors have recently modified their holdings of the business. Zweig DiMenna Associates LLC purchased a new position in fuboTV during the fourth quarter valued at approximately $3,857,000. Fuller & Thaler Asset Management Inc. purchased a new position in fuboTV during the fourth quarter valued at approximately $14,619,000. Caas Capital Management LP purchased a new position in fuboTV during the fourth quarter valued at approximately $69,118,000. SG Americas Securities LLC purchased a new position in fuboTV during the fourth quarter valued at approximately $842,000. Finally, Seven Eight Capital LP purchased a new position in fuboTV during the fourth quarter valued at approximately $1,052,000.

NYSE FUBO opened at $30.21 on Friday. fuboTV has a one year low of $5.00 and a one year high of $62.29. The stock has a 50-day moving average of $40.03 and a 200 day moving average of $31.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of -2.23 and a beta of 2.64.

fuboTV Company Profile

fuboTV Inc operates a live TV streaming platform for live sports events, news, and entertainment content in Europe and the United States. Its platform allows customers to access content through streaming devices, as well as on SmartTVs, mobile phones, tablets, and computers. The company is headquartered in New York, New York.

Recommended Story: Different Options Trading Strategies

Get a free copy of the Zacks research report on fuboTV (FUBO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for fuboTV (NYSE:FUBO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]



7 Great Dividend Stocks to Buy For a Comfortable Retirement

There are people who will say the day of set it and forget it retirement accounts are over. But it’s a narrative we’ve heard before. The truth is the formula for saving for and enjoying a comfortable retirement, like the formula for weight loss, hasn’t really changed. A lot depends on whether an individual has the discipline to see it through.

Dividend stocks remain one of the core elements of a retirement portfolio. As individuals near retirement the ability to reinvest dividends allows for a greater total return. And once individuals need to live off their portfolio, the dividends provide a source of income without having to tap their principal.

However, not all dividend stocks are the same and many investors get sucked in by the allure of a high-yield dividend stock. But what you’re really looking for are companies with a history of increasing its dividend. The ability to increase a dividend over time illustrates that the company has a business model that can hold up regardless of how the broader economy is performing.

In this special presentation, we’ll highlight seven stocks that individuals can buy today to capture a stable, recurring dividend.

View the "7 Great Dividend Stocks to Buy For a Comfortable Retirement".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Learn more.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.