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The Beachbody Company, Inc. (BODI) Reports Q3 Loss, Lags Revenue Estimates
BODYThe Beachbody pany(BODY) ZACKS·2024-11-12 23:36

Financial Performance - The Beachbody Company reported a quarterly loss of 1.75pershare,slightlybetterthantheZacksConsensusEstimateofalossof1.75 per share, slightly better than the Zacks Consensus Estimate of a loss of 1.76, and a significant improvement from a loss of 5pershareayearago,indicatinganearningssurpriseof0.575 per share a year ago, indicating an earnings surprise of 0.57% [1] - The company posted revenues of 102.19 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.40%, and down from 128.25millioninthesamequarterlastyear[2]−Overthelastfourquarters,thecompanyhassurpassedconsensusEPSestimatestwotimesandtoppedconsensusrevenueestimatestwotimes[2]StockPerformance−TheBeachbodyCompanyshareshavedeclinedapproximately19.7128.25 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - The Beachbody Company shares have declined approximately 19.7% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The current consensus EPS estimate for the upcoming quarter is -1.57 on revenues of 98.2million,andforthecurrentfiscalyear,itis−98.2 million, and for the current fiscal year, it is -7.02 on revenues of $431.1 million [7] Industry Outlook - The Consumer Services - Miscellaneous industry, to which The Beachbody Company belongs, is currently ranked in the bottom 33% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of The Beachbody Company stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]