Anticipated Earnings Report
FuboTV Inc. is gearing up to unveil its fourth-quarter earnings before the opening bell on March 1, 2024. Analysts are forecasting a quarterly loss of 31 cents per share, an improvement from the 76-cent loss reported in the same period last year. Revenue projections stand at $397.66 million, up from $319.31 million in the previous year, as per data from Benzinga Pro.
Legal Maneuvers and Market Movement
In a recent development, FuboTV Inc. lodged a legal challenge aimed at halting Fox Corp, Walt Disney Co, and Warner Bros. Discovery Inc from jointly launching a sports-streaming platform. Despite this, fuboTV shares experienced a 1.5% gain, closing at $2.07 on Thursday.
Analyst Ratings Snapshot
Examining recent evaluations, Wedbush analyst Michael Pachter reiterated an Outperform rating, setting a $5 price target on February 26, 2024, boasting a commendable accuracy rate of 71%. Needham analyst Laura Martin echoed a Buy recommendation with a $4 price target on December 1, 2023, touting a 73% accuracy rate. Meanwhile, Seaport Global analyst David Joyce initiated coverage with a Neutral rating on October 6, 2023, showcasing a 67% accuracy rate.
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