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) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
fuboTV Inc. (FUBO - Free Report) closed at $4.37 in the latest trading session, marking a +1.39% move from the prior day. This change outpaced the S&P 500's 1.71% loss on the day. At the same time, the Dow lost 1.7%, and the tech-heavy Nasdaq lost 0.09%.
Coming into today, shares of the company had gained 8.56% in the past month. In that same time, the Consumer Discretionary sector lost 8.65%, while the S&P 500 lost 8.68%.
fuboTV Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect fuboTV Inc. to post earnings of -$0.75 per share. This would mark a year-over-year decline of 27.12%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $213.08 million, up 35.99% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.98 per share and revenue of $948.38 million. These totals would mark changes of -7.19% and +48.57%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for fuboTV Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.33% higher within the past month. fuboTV Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 18% 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.
To follow FUBO in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
FuboTV Inc. (FUBO) Gains As Market Dips: What You Should Know
fuboTV Inc. (FUBO - Free Report) closed at $4.37 in the latest trading session, marking a +1.39% move from the prior day. This change outpaced the S&P 500's 1.71% loss on the day. At the same time, the Dow lost 1.7%, and the tech-heavy Nasdaq lost 0.09%.
Coming into today, shares of the company had gained 8.56% in the past month. In that same time, the Consumer Discretionary sector lost 8.65%, while the S&P 500 lost 8.68%.
fuboTV Inc. will be looking to display strength as it nears its next earnings release. In that report, analysts expect fuboTV Inc. to post earnings of -$0.75 per share. This would mark a year-over-year decline of 27.12%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $213.08 million, up 35.99% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.98 per share and revenue of $948.38 million. These totals would mark changes of -7.19% and +48.57%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for fuboTV Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.33% higher within the past month. fuboTV Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 18% 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.
To follow FUBO in the coming trading sessions, be sure to utilize Zacks.com.