US$48.38 - That's What Analysts Think fuboTV Inc. (NYSE:FUBO) Is Worth After These Results

fuboTV Inc. (NYSE:FUBO) just released its latest full-year report and things are not looking great. It definitely looks like a negative result overall with revenues falling 15% short of analyst estimates at US$218m. Statutory losses were US$12.82 per share, 54% bigger than what 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for fuboTV

Taking into account the latest results, the most recent consensus for fuboTV from eight analysts is for revenues of US$467.4m in 2021 which, if met, would be a huge 115% increase on its sales over the past 12 months. Losses are predicted to fall substantially, shrinking 88% to US$1.55. Before this earnings announcement, the analysts had been modelling revenues of US$463.3m and losses of US$1.54 per share in 2021.

The consensus price target rose 6.3% to US$48.38, with the analysts increasing their valuations as the business executes in line with forecasts. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values fuboTV at US$60.00 per share, while the most bearish prices it at US$30.00. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting fuboTV's growth to accelerate, with the forecast 115% annualised growth to the end of 2021 ranking favourably alongside historical growth of 94% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 13% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that fuboTV is expected to grow much faster than its industry.

The Bottom Line

The most obvious conclusion is that the analysts made no changes to their forecasts for a loss next year. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

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 2025, and you can see them free on our platform here.

Plus, you should also learn about the 4 warning signs we've spotted with fuboTV (including 1 which doesn't sit too well with us) .

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This article by Simply Wall St is general in nature. 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.
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