Fubotv Inc. (FUBO) reported an earnings miss for its 4th quarter, ending 12/31/2022. Earnings per share came in at -$0.76, versus the expected -$0.71.
The reported revenue of $319.32 million represents growth of 42.04% compared to the previous quarter, and growth of 38.20% compared to the same period last year.
For the 1st quarter, analysts project earnings of -$0.48 per share.
Often, earnings announcements affect a stock’s price. See a history of earnings-related price changes for FUBO stock.
What’s Next for Fubotv Inc., Post-Earnings?
According to TipRanks, the average analyst consensus on FUBO stock is a Moderate Buy. This consensus is based on 6 analyst ratings made in the past 3 months. Fubotv Inc.’s average price target of $3.33 implies upside potential of 66.50% from current levels.
See our Earnings Calendar for a full list of this week’s earnings releases.
Bottom Line
An earnings miss can signify negative movement ahead for a stock’s price. Currently, FUBO price is $2.00, indicating a 5-day drop of -13.04%.
About Fubotv Inc.
Operating as a sports-focused live TV streaming service, fuboTV offers access to over 100 live TV channels, including many of Nielsen’s top ranked networks.
Learn more about FUBO financials here
