fuboTV (NYSE:FUBO) Releases FY 2021 Earnings Guidance

fuboTV (NYSE:FUBO) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $- for the period. The company issued revenue guidance of $520 million-530 million, compared to the consensus revenue estimate of $472.63 million.

FUBO has been the topic of several recent research reports. Barrington Research cut their target price on fuboTV from $40.00 to $30.00 and set an outperform rating on the stock in a report on Thursday, May 13th. Evercore ISI assumed coverage on fuboTV in a research note on Tuesday, April 6th. They issued an outperform rating and a $30.00 price objective on the stock. Oppenheimer decreased their target price on fuboTV from $45.00 to $35.00 and set an outperform rating for the company in a research report on Tuesday, March 9th. Needham & Company LLC reissued a buy rating and issued a $60.00 price target on shares of fuboTV in a research report on Monday, March 29th. Finally, Roth Capital reduced their price objective on shares of fuboTV from $55.00 to $42.00 and set a buy rating for the company in a research note on Wednesday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. fuboTV currently has a consensus rating of Buy and an average price target of $40.78.

Shares of FUBO stock opened at $28.95 on Friday. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -2.30 and a beta of 2.82. fuboTV has a 1 year low of $8.12 and a 1 year high of $62.29. The business’s fifty day moving average is $21.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.36 and a quick ratio of 2.36.

fuboTV (NYSE:FUBO) last posted its quarterly earnings data on Tuesday, May 11th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.09). fuboTV had a negative return on equity of 110.20% and a negative net margin of 185.09%. The company had revenue of $119.70 million for the quarter, compared to the consensus estimate of $103.54 million. The business’s revenue for the quarter was up 1539.7% on a year-over-year basis. As a group, equities analysts anticipate that fuboTV will post -1.9 EPS for the current fiscal year.

About fuboTV

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

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Earnings History and Estimates for fuboTV (NYSE:FUBO)

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