Beachbody Company Inc reports results for the quarter ended in June - Earnings Summary

Beachbody

07/08/2024 07:08

* Beachbody Company Inc  BODI.N  reported a quarterly
adjusted
loss of $1.69​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-4.00.  The mean expectation of three analysts for the
quarter was for a loss of $2.30 per share. 
    * Revenue fell 18.4% to $110.18 million from a year ago;
analysts
expected $110.72 million. 
    * Beachbody Company Inc's reported EPS for the quarter was a
loss
of $1.59​.
    * The company reported a quarterly loss of $10.8 million.
    * Beachbody Company Inc shares had fallen by 10.2% this
quarter and lost 8.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Beachbody Company
Inc is $13.50 
This summary was machine generated from LSEG data August 7 at
06:08 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -2.30          -1.69          Beat
 Mar. 31 2024      -1.87          -2.03          Missed
 Dec. 31 2023      -3.12          -3.97          Missed
 Sep. 30 2023      -3.50          -5.50          Missed