Fubotv earnings beat by $0.10, revenue topped estimates
In a challenging market environment, Hudson (NYSE:HUD) Highland Group (HSON) stock has reached its 52-week low, trading at $9.24. With a market capitalization of $29.16 million and revenue of $140.06 million, the company maintains a strong liquidity position, evidenced by a current ratio of 3.58. According to InvestingPro analysis, the stock appears undervalued at current levels. This price level reflects a significant downturn for the company, with the stock experiencing a steep 1-year change, plummeting by -39.13%. Investors are closely monitoring HSON as it navigates through the pressures that have led to this year-long decline, seeking signs of a potential turnaround or further indicators of market headwinds that could impact the stock’s performance. InvestingPro subscribers can access 8 additional key insights about HSON, including detailed analysis of its financial health and growth prospects, available in the comprehensive Pro Research Report.
In other recent news, Hudson Global Inc. reported disappointing fourth-quarter results for 2024, falling short of both earnings and revenue expectations. The company posted an earnings per share (EPS) of -$0.05, significantly below the forecasted $0.35, and recorded revenue of $33.6 million, which was below the anticipated $43.82 million. Additionally, Hudson Global reported a net loss of $600,000 for the quarter. Despite these challenges, the company experienced a 5.7% year-over-year increase in adjusted net revenue and a substantial rise in adjusted EBITDA from $100,000 to $900,000.
Hudson Global also launched a new digital division aimed at enhancing its innovation capabilities. The company has set ambitious goals, such as increasing annual hires from 20,000 to 60,000 and expanding its client base. The firm is also looking to grow its presence in the Americas, EMEA, and APAC regions and is exploring mergers and acquisitions to drive organic growth. Analysts from Sidoti have engaged with the company to discuss market demand and growth strategies, highlighting ongoing interest in Hudson Global’s future plans.
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