Beachbody Company Inc reports results for the quarter ended June 30 - Earnings Summary

• Beachbody Company Inc BODI.N reported a quarterly adjusted loss of 85 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.69. The mean expectation of two analysts for the quarter was for a loss of 97 cents per share. Wall Street expected results to range from $-1.02 to -93 cents per share.

• Revenue fell 42% to $63.94 million from a year ago; analysts expected $58.37 million.

• Beachbody Company Inc's reported EPS for the quarter was a loss of 85 cents​.

• The company reported a quarterly loss of $5.9 million.

• Beachbody Company Inc shares had fallen by 5.3% this quarter and lost 36.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.2% 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 1 "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 $9.50, about 59.8% above its last closing price of $3.82

This summary was machine generated from LSEG data August 5 at 09:46 p.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)