Fubotv Inc. (FUBO) reported an earnings miss for its 3rd quarter, ending 9/30/2022. Earnings per share were -$0.82 versus the expected -$0.73.
Revenue came in at $224.81 million. That represents growth of 1.32% compared to the previous quarter, and growth of 43.48% compared to the same period last year.
Often, earnings announcements affect a stock’s price. There is more information that one can find on the company’s reports that can affect price changes for FUBO stock.
You can also follow-up on more upcoming earnings releases expected this week and next week on our calendar.
What’s next for Fubotv Inc. post earnings
According to TipRanks, the average analyst consensus on FUBO stock is a Moderate Buy. This consensus is based on 7 analyst ratings made in the past 3 months. Fubotv Inc.’s average price target of $5.70 implies upside potential of 68.14% from current levels.
See our Earnings Calendar for a full list of this week’s earnings releases.
Bottom Line
An earnings miss can signify negative movement ahead for a stock’s price. Currently, FUBO price is $3.39, indicating a 5-day drop of -6.35%.
About Fubotv Inc.
Operating as a sports-focused live TV streaming service, fuboTV offers access to over 100 live TV channels, including many of Nielsen’s top ranked networks
Learn more about FUBO financials here
