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FuboTV Inc. (FUBO) Gains But Lags Market: What You Should Know
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fuboTV Inc. (FUBO - Free Report) closed the most recent trading day at $7.96, moving +0.25% from the previous trading session. This change lagged the S&P 500's 1.17% gain on the day. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 0.18%.
Prior to today's trading, shares of the company had lost 18.23% over the past month. This has lagged the Consumer Discretionary sector's loss of 5.02% and the S&P 500's gain of 0.88% in that time.
fuboTV Inc. will be looking to display strength as it nears its next earnings release. On that day, fuboTV Inc. is projected to report earnings of -$0.58 per share, which would represent a year-over-year decline of 5.45%. Our most recent consensus estimate is calling for quarterly revenue of $238.42 million, up 99.14% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$2.54 per share and revenue of $1.1 billion, which would represent changes of +8.63% and +72.61%, respectively, from the prior year.
Any recent changes to analyst estimates for fuboTV Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.63% lower. fuboTV Inc. is currently a Zacks Rank #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FUBO in the coming trading sessions, be sure to utilize Zacks.com.
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FuboTV Inc. (FUBO) Gains But Lags Market: What You Should Know
fuboTV Inc. (FUBO - Free Report) closed the most recent trading day at $7.96, moving +0.25% from the previous trading session. This change lagged the S&P 500's 1.17% gain on the day. At the same time, the Dow added 0.8%, and the tech-heavy Nasdaq gained 0.18%.
Prior to today's trading, shares of the company had lost 18.23% over the past month. This has lagged the Consumer Discretionary sector's loss of 5.02% and the S&P 500's gain of 0.88% in that time.
fuboTV Inc. will be looking to display strength as it nears its next earnings release. On that day, fuboTV Inc. is projected to report earnings of -$0.58 per share, which would represent a year-over-year decline of 5.45%. Our most recent consensus estimate is calling for quarterly revenue of $238.42 million, up 99.14% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$2.54 per share and revenue of $1.1 billion, which would represent changes of +8.63% and +72.61%, respectively, from the prior year.
Any recent changes to analyst estimates for fuboTV Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.63% lower. fuboTV Inc. is currently a Zacks Rank #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FUBO in the coming trading sessions, be sure to utilize Zacks.com.