Home Market News Small Caps The Evolution of fuboTV: A Preview of fuboTV’s Projected Q4 Performance

The Evolution of fuboTV: A Preview of fuboTV’s Projected Q4 Performance

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The Evolution of fuboTV: A Preview of fuboTV’s Projected Q4 Performance

fuboTV Inc. FUBO is set to unveil its fourth-quarter earnings report on March 1, 2024, before the market opens in New York.

Market analysts are anticipating a reduced quarterly loss of 31 cents per share, contrasting the 76 cents per share loss reported in the same period last year. Revenue for the quarter is predicted to hit $397.66 million, an increase from $319.31 million recorded in the corresponding quarter of the previous year, as per data sourced from Benzinga Pro.

In the latest development, FuboTV Inc. recently initiated legal action aimed at impeding the collaborative sport-streaming platform introduced by Fox Corp FOX, Walt Disney Co DIS, and Warner Bros. Discovery Inc WBD.

The value of fuboTV shares inched up by 1.5%, concluding at $2.07 in Thursday’s trading session.

For more insights, Benzinga readers can access the latest analyst ratings on its Analyst Stock Ratings page, where they can filter based on stock ticker, company name, analyst firm, rating adjustment, or other criteria.

Let’s now delve into the assessments provided by Benzinga’s highest-correct forecasting analysts concerning the company’s performance in the recent timeframe.

  • Wedbush analyst Michael Pachter reaffirmed an Outperform rating and established a $5 price target on February 26, 2024. This analyst has demonstrated a 71% accuracy rate.
  • Needham analyst Laura Martin also maintained a Buy rating with a price target of $4 on December 1, 2023, boasting a 73% accuracy rate.
  • Seaport Global analyst David Joyce entered coverage on the stock with a Neutral rating on October 6, 2023, with an accuracy rate of 67%.

 

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