Beachbody (BODI) Set to Announce Quarterly Earnings on Tuesday

Beachbody (NYSE:BODI) is set to release its earnings data after the market closes on Tuesday, November 12th. Analysts expect Beachbody to post earnings of ($1.76) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Beachbody (NYSE:BODI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($1.59) EPS for the quarter, beating analysts’ consensus estimates of ($2.30) by $0.71. Beachbody had a negative return on equity of 92.82% and a negative net margin of 25.72%. The company had revenue of $110.18 million during the quarter, compared to analysts’ expectations of $110.70 million. On average, analysts expect Beachbody to post $-7 EPS for the current fiscal year and $-6 EPS for the next fiscal year.

Beachbody Stock Performance

Beachbody stock opened at $6.27 on Tuesday. Beachbody has a fifty-two week low of $5.14 and a fifty-two week high of $13.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.71 and a quick ratio of 0.54. The company’s 50 day simple moving average is $6.42 and its 200 day simple moving average is $7.69.

Analyst Upgrades and Downgrades

Separately, ThinkEquity initiated coverage on shares of Beachbody in a report on Monday, July 15th. They set a “buy” rating and a $12.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.40.

Beachbody Company Profile

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.