We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
FuboTV Inc. (FUBO) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
In the latest trading session, fuboTV Inc. (FUBO - Free Report) closed at $2.58, marking a -1.15% move from the previous day. This move lagged the S&P 500's daily loss of 0.07%. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 0.02%.
Heading into today, shares of the company had lost 20.67% over the past month, lagging the Consumer Discretionary sector's loss of 10.11% and the S&P 500's loss of 7.99% in that time.
Wall Street will be looking for positivity from fuboTV Inc. as it approaches its next earnings report date. In that report, analysts expect fuboTV Inc. to post earnings of -$0.68 per share. This would mark a year-over-year decline of 78.95%. Our most recent consensus estimate is calling for quarterly revenue of $228.71 million, up 74.75% from the year-ago period.
FUBO's full-year Zacks Consensus Estimates are calling for earnings of -$3.12 per share and revenue of $1.05 billion. These results would represent year-over-year changes of -12.23% and +64.26%, respectively.
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. The Zacks Consensus EPS estimate has moved 1.76% lower within the past month. 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 87, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
FuboTV Inc. (FUBO) Dips More Than Broader Markets: What You Should Know
In the latest trading session, fuboTV Inc. (FUBO - Free Report) closed at $2.58, marking a -1.15% move from the previous day. This move lagged the S&P 500's daily loss of 0.07%. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 0.02%.
Heading into today, shares of the company had lost 20.67% over the past month, lagging the Consumer Discretionary sector's loss of 10.11% and the S&P 500's loss of 7.99% in that time.
Wall Street will be looking for positivity from fuboTV Inc. as it approaches its next earnings report date. In that report, analysts expect fuboTV Inc. to post earnings of -$0.68 per share. This would mark a year-over-year decline of 78.95%. Our most recent consensus estimate is calling for quarterly revenue of $228.71 million, up 74.75% from the year-ago period.
FUBO's full-year Zacks Consensus Estimates are calling for earnings of -$3.12 per share and revenue of $1.05 billion. These results would represent year-over-year changes of -12.23% and +64.26%, respectively.
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. The Zacks Consensus EPS estimate has moved 1.76% lower within the past month. 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 87, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.