The Beachbody Company, Inc. to Post Q3 2024 Earnings of ($1.76) Per Share, Roth Capital Forecasts (NYSE:BODI)

The Beachbody Company, Inc. (NYSE:BODI) – Analysts at Roth Capital upped their Q3 2024 earnings per share (EPS) estimates for Beachbody in a research note issued to investors on Wednesday, August 7th. Roth Capital analyst G. Kelly now expects that the company will post earnings of ($1.76) per share for the quarter, up from their previous forecast of ($1.81). The consensus estimate for Beachbody’s current full-year earnings is ($7.65) per share. Roth Capital also issued estimates for Beachbody’s Q4 2024 earnings at ($1.57) EPS, FY2024 earnings at ($6.84) EPS, Q1 2025 earnings at ($1.41) EPS, Q2 2025 earnings at ($1.71) EPS, Q3 2025 earnings at ($1.69) EPS, Q4 2025 earnings at ($1.40) EPS and FY2025 earnings at ($6.22) EPS.

A number of other brokerages have also recently commented on BODI. ThinkEquity began coverage on Beachbody in a research report on Monday, July 15th. They set a “buy” rating and a $12.00 price target on the stock. Robert W. Baird dropped their price target on Beachbody from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 7th. Roth Mkm dropped their price target on Beachbody from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Canaccord Genuity Group assumed coverage on Beachbody in a research report on Friday, May 17th. They set a “buy” rating and a $13.00 price target on the stock. Finally, Canaccord Genuity Group assumed coverage on Beachbody in a report on Friday, May 17th. They set a “buy” rating and a $13.00 price objective on the stock. Two investment 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.40.

Beachbody Price Performance

Shares of NYSE:BODI opened at $7.09 on Friday. The company has a market cap of $48.72 million, a P/E ratio of -0.32 and a beta of 1.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.72 and a quick ratio of 0.59. The company has a fifty day simple moving average of $8.24. Beachbody has a 1 year low of $6.00 and a 1 year high of $26.05.

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.