Zacks: Brokerages Expect fuboTV Inc. (NYSE:FUBO) Will Post Quarterly Sales of $209.55 Million

Equities analysts predict that fuboTV Inc. (NYSE:FUBO) will report $209.55 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for fuboTV’s earnings. The highest sales estimate is $209.98 million and the lowest is $208.45 million. fuboTV reported sales of $105.08 million during the same quarter last year, which would suggest a positive year over year growth rate of 99.4%. The business is expected to announce its next quarterly earnings results on Tuesday, March 1st.

On average, analysts expect that fuboTV will report full year sales of $616.85 million for the current year, with estimates ranging from $615.74 million to $617.28 million. For the next fiscal year, analysts forecast that the business will report sales of $1.09 billion, with estimates ranging from $1.03 billion to $1.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow fuboTV.

fuboTV (NYSE:FUBO) last announced its quarterly earnings data on Tuesday, November 9th. The company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.65) by $0.06. The company had revenue of $156.69 million during the quarter, compared to the consensus estimate of $143.49 million. fuboTV had a negative net margin of 85.46% and a negative return on equity of 48.14%.

Several analysts have recently commented on FUBO shares. BMO Capital Markets raised their price objective on shares of fuboTV from $25.00 to $30.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 11th. Evercore ISI increased their target price on fuboTV from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, August 11th. Barrington Research cut fuboTV from an “outperform” rating to a “market perform” rating in a report on Monday, November 15th. Zacks Investment Research cut fuboTV from a “hold” rating to a “sell” rating in a report on Tuesday, October 12th. Finally, BTIG Research initiated coverage on fuboTV in a report on Wednesday, October 27th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.13.

In other fuboTV news, CEO David Gandler sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $34.46, for a total transaction of $1,723,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.20% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in FUBO. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of fuboTV during the 2nd quarter valued at $26,000. Macquarie Group Ltd. purchased a new stake in shares of fuboTV during the 2nd quarter valued at $28,000. IFP Advisors Inc purchased a new stake in shares of fuboTV during the 3rd quarter valued at $28,000. Liberty Wealth Management LLC increased its position in shares of fuboTV by 9,530.0% during the 2nd quarter. Liberty Wealth Management LLC now owns 963 shares of the company’s stock valued at $30,000 after purchasing an additional 953 shares during the last quarter. Finally, Albion Financial Group UT purchased a new stake in shares of fuboTV during the 2nd quarter valued at $32,000. 37.61% of the stock is owned by hedge funds and other institutional investors.

Shares of FUBO stock traded up $0.77 during trading hours on Thursday, hitting $21.26. 7,044,320 shares of the company were exchanged, compared to its average volume of 13,264,186. The firm has a market cap of $3.07 billion, a P/E ratio of -4.75 and a beta of 3.08. fuboTV has a fifty-two week low of $14.64 and a fifty-two week high of $62.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.72 and a current ratio of 1.72. The company has a 50 day simple moving average of $26.71 and a two-hundred day simple moving average of $26.88.

fuboTV Company Profile

fuboTV, Inc operates as a digital entertainment company. It focuses on offering consumers a live television (TV) streaming platform for sports, news and entertainment through fuboTV. The company was founded by David Gandler, Alberto Horihuela Suarez and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.

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Earnings History and Estimates for fuboTV (NYSE:FUBO)

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