fuboTV (FUBO) Set to Announce Quarterly Earnings on Monday

Key Points

• fuboTV is expected to report quarterly earnings before the market opens on Monday, November 2. Analysts forecast a loss of $0.4145 per share and revenue of approximately $1.50 billion.
• In the previous quarter, fuboTV reported a $0.25-per-share loss, beating estimates, while revenue rose 38% year over year to $1.48 billion but came in below consensus.
• Shares opened at $7.93, near their 52-week low of $7.85. Despite a “Moderate Buy” consensus rating and an average price target of $16.83, analyst views range from “Sell” to “Outperform.”

fuboTV (NYSE:FUBO - Get Free Report) is expected to be announcing its results before the market opens on Monday, November 2nd. Analysts expect the company to post earnings of ($0.4145) per share and revenue of $1.50 billion for the quarter.

fuboTV (NYSE:FUBO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.04. fuboTV had a negative net margin of 0.71% and a negative return on equity of 7.67%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The firm's revenue for the quarter was up 38.0% on a year-over-year basis. On average, analysts expect fuboTV to post ($0.42) EPS for the current fiscal year and $1.94 EPS for the next fiscal year.

fuboTV Stock Up 0.1%

FUBO opened at $7.93 on Monday. The firm has a market capitalization of $239.61 million, a P/E ratio of -6.20 and a beta of 2.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.00 and a quick ratio of 1.00. The company's 50-day moving average is $9.79 and its 200 day moving average is $10.04. fuboTV has a fifty-two week low of $7.85 and a fifty-two week high of $52.68.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FUBO. Weiss Ratings reissued a "sell (e+)" rating on shares of fuboTV in a research report on Wednesday, August 5th. Wedbush reaffirmed an "outperform" rating and set a $19.00 target price on shares of fuboTV in a research report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $16.83.

About fuboTV

fuboTV Inc NYSE: FUBO operates a subscription-based streaming television service focused on live sports, news and entertainment programming. Its platform is designed to provide an internet-based alternative to traditional pay television, offering live channels, on-demand content and cloud DVR functionality through connected TVs, mobile devices and web browsers.

The company's programming includes national and regional sports networks, broadcast stations, news channels and general entertainment networks.

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