Analysts Have Been Trimming Their FuboTV Inc. (NYSE:FUBO) Price Target After Its Latest Report
Analysts Have Been Trimming Their FuboTV Inc. (NYSE:FUBO) Price Target After Its Latest Report
Shareholders might have noticed that fuboTV Inc. (NYSE:FUBO) filed its annual result this time last week. The early response was not positive, with shares down 7.5% to US$1.85 in the past week. Revenue hit US$1.4b in line with forecasts, although the company reported a statutory loss per share of US$1.04 that was somewhat smaller than the analysts expected. 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.
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 notable 14% increase on its revenue over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 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.
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. With such a wide range in price targets, analysts are almost certainly betting on widely divergent outcomes in the underlying business. With this in mind, we wouldn't rely too heavily the consensus price target, as it is just an average and analysts clearly have some deeply divergent views on the business.
Of course, another way to look at these forecasts is to place them into context against the industry itself. 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.
The Bottom Line
The most obvious conclusion is that the analysts made no changes to their forecasts for a loss next year. They also downgraded fuboTV's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
With that in mind, we wouldn't be too quick to come to a conclusion on fuboTV. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple fuboTV analysts - going out to 2026, and you can see them free on our platform here.
And what about risks? Every company has them, and we've spotted 3 warning signs for fuboTV you should know about.
Have 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. Simply Wall St has no position in any stocks mentioned.
股東們可能已經注意到,fuboTV Inc.(紐約證券交易所代碼:FUBO)上週這個時候公佈了年度業績。早期的反應並不樂觀,過去一週股價下跌7.5%,至1.85美元。收入達到14億美元,符合預期,儘管該公司報告的每股法定虧損爲1.04美元,略低於分析師的預期。對於投資者來說,這是一個重要時刻,因爲他們可以在報告中追蹤公司的業績,看看專家對明年的預測,看看對該業務的預期是否有任何變化。讀者會很高興得知我們已經彙總了最新的法定預測,以了解分析師在最新業績公佈後是否改變了對fuboTV的看法。
考慮到最新業績,八位分析師對fuboTV的最新共識是,2024年的收入爲15.6億美元。如果得到滿足,這意味着其收入在過去12個月中將顯著增長14%。預計每股虧損將在不久的將來大幅減少,縮小21%,至0.78美元。在此業績公佈之前,分析師一直在模擬2024年的收入爲16.2億美元,每股虧損爲0.81美元。在最近的更新中,市場情緒似乎略有增加,儘管收入數字有所下降,但分析師對每股虧損的預測卻變得更加樂觀了。
分析師已將目標股價下調了19%,至每股2.98美元,這表明收入下降是比預期的虧損減少更爲關鍵的指標。研究分析師的估計範圍,評估異常值與平均值的差異也可能很有啓發性。目前,最看漲的分析師對fuboTV的估值爲每股5.00美元,而最看跌的分析師估值爲2.00美元。由於目標股價範圍如此之廣,幾乎可以肯定,分析師押注基礎業務的結果差異很大。考慮到這一點,我們不會過分依賴共識目標股價,因爲它只是一個平均水平,分析師對該業務的看法顯然存在嚴重分歧。
當然,看待這些預測的另一種方法是將它們與行業本身聯繫起來。很明顯,預計fuboTV的收入增長將大幅放緩,預計到2024年底的收入按年計算將增長14%。相比之下,過去五年的歷史增長率爲60%。將其與業內其他有分析師報道的公司並列,預計這些公司的收入(總計)每年將增長10.0%。即使在預計增長放緩之後,很明顯,fuboTV的增長速度也將超過整個行業。
底線
最明顯的結論是,分析師對明年虧損的預測沒有改變。他們還下調了fuboTV的收入預期,但行業數據表明,預計其增長速度將快於整個行業。即便如此,每股收益對業務的內在價值更爲重要。此外,分析師還下調了目標股價,這表明最新消息加劇了人們對業務內在價值的悲觀情緒。
考慮到這一點,我們不會很快在fuboTV上得出結論。長期盈利能力比明年的利潤重要得多。根據多位fuboTV分析師的估計,到2026年,你可以在我們的平台上免費查看。
那風險呢?每家公司都有它們,我們發現了你應該知道的3個fuboTV警告信號。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。
譯文內容由第三人軟體翻譯。
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