Dolby Laboratories Inc expected to post earnings of $1.06 a share - Earnings Preview

Dolby Laboratories

01/02/2022 21:56

* Dolby Laboratories Inc  DLB.N   DLB  is expected to show a
fall
in quarterly revenue when it reports  results on February 3. 
    * The San Francisco California-based  company is expected to
report  a 7.1% decrease in revenue to $362.222 million from
$389.87 million a year ago, according to the mean estimate from
4 analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Dolby Laboratories
Inc is
for earnings of $1.06 per share. For the same quarter last year,
the company reported earnings of $1.48 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Dolby
Laboratories Inc is $113​, about 22.2% above​ its last closing
price of $87.88. ​​​
    * 

This summary was machine generated February 1 at 21:56 GMT.  All
figures in US dollars  unless otherwise stated