Beachbody (NASDAQ:BODI) Announces Quarterly Earnings Results, Beats Expectations By $0.29 EPS

Beachbody (NASDAQ:BODI) released its earnings results on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.29, FiscalAI reports. Beachbody had a return on equity of 44.34% and a net margin of 5.68%. The business had revenue of $45.19 million for the quarter, compared to analyst estimates of $46.26 million.

Beachbody Price Performance

NASDAQ BODI remained flat at $4.51 during trading on Tuesday. The company’s stock had a trading volume of 68,039 shares, compared to its average volume of 47,613. The firm’s fifty day simple moving average is $4.78 and its 200 day simple moving average is $8.92. The firm has a market capitalization of $32.83 million, a PE ratio of 2.77 and a beta of 0.96. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 0.58. Beachbody has a 1 year low of $4.01 and a 1 year high of $16.87.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BODI shares. Wall Street Zen lowered Beachbody from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Canaccord Genuity Group cut their price objective on Beachbody from $19.00 to $16.00 and set a “buy” rating for the company in a report on Friday, October 30th. Weiss Ratings cut shares of Beachbody from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. Finally, Roth Capital reissued a “neutral” rating and issued a $9.00 target price on shares of Beachbody in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Beachbody has an average rating of “Hold” and an average price target of $13.33.

About Beachbody

Beachbody, operating under the BODi brand, is a digital fitness and wellness company that provides at-home workout programs, nutrition guidance and related products through online and mobile platforms. Its offerings are designed to support exercise, weight management and broader healthy-lifestyle goals. The company’s portfolio has included on-demand workout content led by professional trainers, personalized fitness and nutrition programs, meal-planning resources, supplements and other wellness products.