fuboTV Inc. (NYSE:FUBO) Just Reported, And Analysts Assigned A US$2.98 Price Target

Simply Wall St.03-06

fuboTV Inc. (NYSE:FUBO) shareholders are probably feeling a little disappointed, since its shares fell 7.5% to US$1.85 in the week after its latest annual results. The results look positive overall; ...

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The results look positive overall; ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fubotv-inc-nyse-fubo-just-185607916.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>fuboTV Inc. 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(NYSE:FUBO) Just Reported, And Analysts Assigned A US$2.98 Price Target\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-06 02:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fubotv-inc-nyse-fubo-just-185607916.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>fuboTV Inc. (NYSE:FUBO) shareholders are probably feeling a little disappointed, since its shares fell 7.5% to US$1.85 in the week after its latest annual results. The results look positive overall; ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fubotv-inc-nyse-fubo-just-185607916.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1267930227.SGD","symbol_name":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","start_time":0,"source_url":"https://finance.yahoo.com/news/fubotv-inc-nyse-fubo-just-185607916.html","article_id":"2417425259","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/gnGTQ_q9KCdl7Xvx_ppB0g--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/0fe4d5d105492213ce106a92b49639d4"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417425259","pubTimestamp":1709664967,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"fuboTV Inc.  shareholders are probably feeling a little disappointed, since its shares fell 7.5% to US$1.85 in the week after its latest annual results. The results look positive overall; while revenues of US$1.4b were in line with analyst predictions, statutory losses were 6.2% smaller than expected, with fuboTV losing US$1.04 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on fuboTV after the latest results.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","NYSE":"纽交所","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4155":"大卖场与超市","BK4504":"桥水持仓","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","FUBO":"fuboTV Inc.","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4532":"文艺复兴科技持仓","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4507":"流媒体概念","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK4114":"综合货品商店","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4524":"宅经济概念","TGT":"塔吉特","BK4077":"互动媒体与服务","BK4588":"碎股","LU0823411888.USD":"法巴消费创新基金 Cap","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H"},"translate_title":"富波电视公司（纽约证券交易所代码：富博）刚刚报告，分析师给美国设定了2.98美元的目标价","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TGT":1,"NYSE":1,"FUBO":1},"content_text":"fuboTV Inc. (NYSE:FUBO) shareholders are probably feeling a little disappointed, since its shares fell 7.5% to US$1.85 in the week after its latest annual results. The results look positive overall; while revenues of US$1.4b were in line with analyst predictions, statutory losses were 6.2% smaller than expected, with fuboTV losing US$1.04 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on fuboTV after the latest results. \n See our latest analysis for fuboTV \n\n\n\n  NYSE:FUBO Earnings and Revenue Growth March 5th 2024\n \n\n Taking into account the latest results, the most recent consensus for fuboTV from eight analysts is for revenues of US$1.56b in 2024. If met, it would imply a decent 14% increase on its revenue over the past 12 months. Losses are predicted to fall substantially, shrinking 21% to US$0.78. Before this earnings announcement, the analysts had been modelling revenues of US$1.62b and losses of US$0.81 per share in 2024. It looks like there's been a modest increase in sentiment in the recent updates, with the analysts becoming a bit more optimistic in their predictions for losses per share, even though the revenue numbers fell somewhat. \n The analysts have cut their price target 19% to US$2.98per share, suggesting that the declining revenue was a more crucial indicator than the forecast reduction in losses. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values fuboTV at US$5.00 per share, while the most bearish prices it at US$2.00. We would probably assign less value to the analyst forecasts in this situation, because such a wide range of estimates could imply that the future of this business is difficult to value accurately. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates. \n These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the fuboTV's past performance and to peers in the same industry. It's pretty clear that there is an expectation that fuboTV's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 14% growth on an annualised basis. This is compared to a historical growth rate of 60% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 10.0% per year. Even after the forecast slowdown in growth, it seems obvious that fuboTV is also expected to grow faster than the wider industry. \nThe Bottom Line \n The most important thing to take away is that the analysts reconfirmed their loss per share estimates for next year. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. Still, earnings are more important to the intrinsic value of the business. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of fuboTV's future valuation. \n Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple fuboTV analysts - going out to 2026, and you can see them free on our platform here. \n We don't want to rain on the parade too much, but we did also find 3 warning signs for fuboTV that you need to be mindful of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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