Maxim Group Issues Pessimistic Outlook for CAST Earnings

FreeCast (Direct Listing) (NASDAQ:CAST) – Stock analysts at Maxim Group lowered their Q1 2028 earnings estimates for FreeCast (Direct Listing) in a report issued on Thursday, October 1st. Maxim Group analyst A. Klee now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their prior forecast of $0.04. The consensus estimate for FreeCast (Direct Listing)’s current full-year earnings is ($0.23) per share. Maxim Group also issued estimates for FreeCast (Direct Listing)’s Q2 2028 earnings at $0.02 EPS, Q3 2028 earnings at $0.03 EPS, Q4 2028 earnings at $0.03 EPS, FY2028 earnings at $0.11 EPS and FY2029 earnings at $0.48 EPS.

FreeCast (Direct Listing) (NASDAQ:CAST) last posted its earnings results on Monday, September 28th. The company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.29). The company had revenue of $0.36 million for the quarter.

CAST has been the subject of several other research reports. Weiss Ratings upgraded shares of FreeCast (Direct Listing) from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, September 14th. Zacks Research raised shares of FreeCast (Direct Listing) to a “hold” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen upgraded shares of FreeCast (Direct Listing) from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, FreeCast (Direct Listing) presently has a consensus rating of “Hold” and an average target price of $6.00.

FreeCast (Direct Listing) Stock Up 6.3%

CAST stock opened at $1.18 on Friday. The stock’s 50 day moving average is $1.35 and its 200-day moving average is $2.49. FreeCast has a twelve month low of $0.50 and a twelve month high of $33.00. The firm has a market capitalization of $48.78 million and a PE ratio of -6.56.

FreeCast (Direct Listing) News Summary

Here are the key news stories impacting FreeCast (Direct Listing) this week:

• Positive Sentiment: Maxim raised its 2027 forecasts. The firm improved its EPS outlook for the first, second and fourth quarters of 2027, while increasing its full-year 2027 estimate to a loss of $0.23 per share from a loss of $0.27. Although CAST would remain unprofitable, the revisions suggest expectations for narrower losses and could be supporting the stock.
• Neutral Sentiment: Wall Street Zen upgraded its rating to “Hold.” The change indicates a less negative stance, but it does not represent a bullish recommendation or a clear catalyst for substantial upside. FreeCast Stock Rating Raised to Hold at Wall Street Zen
• Negative Sentiment: Longer-term earnings forecasts were cut. Maxim reduced its estimates for 2028 quarterly EPS, FY2028 EPS to $0.11 from $0.15, and FY2029 EPS to $0.48 from $0.63. These reductions point to slower expected profitability growth and may limit investor enthusiasm. Maxim Group Issues Forecast for CAST Earnings
• Negative Sentiment: CAST’s underlying financial results remain weak. The company recently reported a quarterly loss of $0.37 per share, well below the expected loss of $0.08, on just $0.36 million in revenue. Analysts expect another full-year loss, estimated at $0.27 per share, underscoring the stock’s high-risk profile.

FreeCast (Direct Listing) Company Profile

FreeCast, Inc is a media and entertainment technology company that develops streaming aggregation services. Its platform is designed to bring together free, ad-supported streaming television, on-demand programming, live channels and subscription-based content in a unified viewing experience, helping consumers discover and access content from multiple sources.

The company offers consumer-facing streaming products and related technology intended to simplify television viewing across connected TVs, mobile devices and other internet-enabled platforms.