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Investing.com - Deutsche Bank (ETR:DBKGn) has lowered its price target on Fuchs SE (ETR:FPE3) stock to EUR54.00 from EUR55.00 while maintaining a Buy rating following disappointing preliminary Q2 results. The company, with a market capitalization of $5.6 billion, has seen its stock drop nearly 16% in the past week, with InvestingPro data indicating the shares are currently trading in oversold territory.
The German lubricant manufacturer released preliminary second-quarter figures on Wednesday that missed market expectations, with revenue 4% below consensus and EBIT (earnings before interest and tax) falling short by 10%. Despite these challenges, InvestingPro analysis shows the company maintains strong financial health with a current ratio of 2.2 and moderate debt levels.
Fuchs SE also reduced its full-year 2025 guidance, cutting revenue forecasts by 5% and EBIT projections by 6%, placing these figures approximately 4% and 6% below current market consensus respectively.
Deutsche Bank responded by reducing its EBIT forecasts for Fuchs SE by 3-6% for fiscal years 2025 through 2027, though the firm maintained its overall positive outlook on the stock with a Buy rating.
Fuchs SE, which trades on the OTC market in the U.S. as FUPBY, specializes in lubricants and related specialty products for various industrial and automotive applications. The company boasts a 34-year track record of consistent dividend payments and maintains healthy profit margins of 34%. According to InvestingPro, which offers 8 additional key insights about the company, Fuchs SE appears undervalued based on its Fair Value analysis.
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