fuboTV Likely To Report Narrower Q4 Loss; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
fuboTV Inc. (NYSE:FUBO) is anticipated to report a narrower Q4 loss before the opening bell on March 1, 2024, with analysts expecting a loss of 31 cents per share compared to last year's 76 cents. Revenue is projected at $397.66 million, up from $319.31 million. Additionally, fuboTV has filed a lawsuit to prevent Fox Corp (NASDAQ:FOX), Walt Disney Co (NYSE:DIS), and Warner Bros. Discovery Inc (NASDAQ:WBD) from launching a joint venture sport-streaming platform. fuboTV shares rose 1.5% to $2.07 recently.
March 01, 2024 | 4:41 am
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NEGATIVE IMPACT
Walt Disney Co is named in a lawsuit by fuboTV against a proposed joint venture sport-streaming platform, potentially affecting its stock.
Disney's involvement in the lawsuit with fuboTV could introduce uncertainties, possibly leading to negative short-term investor sentiment towards DIS shares.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Fox Corp is involved in a lawsuit filed by fuboTV to block a joint venture sport-streaming platform, which could impact investor sentiment.
Being a defendant in a lawsuit, especially related to potential market competition, could create uncertainty for Fox Corp, potentially affecting its stock negatively in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Warner Bros. Discovery Inc is part of a lawsuit filed by fuboTV to prevent a joint venture sport-streaming platform, which may influence its stock.
WBD's involvement in a legal dispute with fuboTV over a joint venture could lead to negative perceptions among investors, potentially impacting its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
fuboTV Inc. is expected to report a narrower Q4 loss and increased revenue, indicating potential positive momentum. The company's legal action against major corporations could also impact its market perception.
The expected improvement in earnings and revenue growth suggests positive business momentum, which could attract investor interest. The lawsuit indicates a strategic move to protect its market position, potentially impacting investor sentiment positively.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100