Beachbody (BODI) to Release Earnings on Tuesday

Beachbody (NYSE:BODI) is scheduled to release its earnings data after the market closes on Tuesday, August 6th. Analysts expect Beachbody to post earnings of ($2.04) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Beachbody (NYSE:BODI) last posted its quarterly earnings results on Monday, May 6th. The company reported ($1.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.91) by ($0.01). The business had revenue of $120.05 million during the quarter, compared to analyst estimates of $114.94 million. Beachbody had a negative return on equity of 85.56% and a negative net margin of 27.41%. On average, analysts expect Beachbody to post $-8 EPS for the current fiscal year and $-6 EPS for the next fiscal year.

Beachbody Trading Down 6.5 %

NYSE BODI opened at $7.00 on Monday. Beachbody has a 1-year low of $6.31 and a 1-year high of $27.50. The firm has a market capitalization of $48.10 million, a P/E ratio of -0.32 and a beta of 1.17. The firm’s 50 day moving average is $8.39. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 0.26.

Wall Street Analyst Weigh In

Several analysts recently commented on BODI shares. Canaccord Genuity Group began coverage on Beachbody in a research note on Friday, May 17th. They issued a “buy” rating and a $13.00 price target on the stock. Roth Mkm cut their price target on shares of Beachbody from $15.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, May 7th. ThinkEquity started coverage on shares of Beachbody in a research report on Monday, July 15th. They issued a “buy” rating and a $12.00 price target on the stock. Canaccord Genuity Group initiated coverage on shares of Beachbody in a report on Friday, May 17th. They set a “buy” rating and a $13.00 price objective for the company. Finally, Baird R W upgraded shares of Beachbody to a “hold” rating in a research note on Tuesday, May 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.40.

About Beachbody

The Beachbody Company, Inc operates as a subscription health and wellness company that provides fitness, nutrition, and stress-reducing programs in the United States and internationally. The company operates Beachbody on Demand, a digital subscription platform that provides access to a library of live and on-demand fitness and nutrition content; and Beachbody on Demand Interactive (BODi) for live fitness and nutrition programs.