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

Beachbody

07/05/2024 05:27

* Beachbody Company Inc  BODI.N  reported a quarterly
adjusted
loss of $2.03​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of $-4.50.  The mean expectation of three analysts for the
quarter was for a loss of $1.87 per share. Wall Street expected
results to range from $-2.08 to $-1.73 per share.
    * Revenue fell 17.2% to $120.05 million from a year ago;
analysts
expected $114.92 million. 
    * Beachbody Company Inc's reported EPS for the quarter was a
loss
of $2.10​.
    * The company reported a quarterly loss of $14.22 million.
    * Beachbody Company Inc shares had risen by 1.8% this
quarter and
gained 17.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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 $15.00 
This summary was machine generated from LSEG data May 7 at 04:26
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
 Mar. 31 2024      -1.87          -2.03          Missed
 Dec. 31 2023      -3.12          -3.97          Missed
 Sep. 30 2023      -3.50          -5.50          Missed
 Jun. 30 2023      -4.33          -4.00          Beat