Dolby Laboratories Inc expected to post earnings of $1.19 a share - Earnings Preview

Dolby Laboratories

30/04/2024 23:44

* Dolby Laboratories Inc  DLB.N   DLB  is expected to show a
fall
in quarterly revenue when it reports  results on May 2 for the
period ending March 31 2024
    * The San Francisco California-based  company is expected to
report a 4.4% decrease in revenue to $359.442 million from
$375.89 million a year ago, according to the mean estimate from
3 analysts, based on LSEG data.The company's guidance on
February 1 2024, for the period ended March 31, was for revenue
between $345.00 million and $375.00 million. (Sale is on Total
Revenue basis.)
    * ​LSEG's mean analyst estimate for Dolby Laboratories Inc
is for
earnings of $1.19 per share. The company's EPS guidance on
February 1 2024, for the period ended March 31, was between
$1.14 and $1.29 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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 $98.00​, above​ its last closing price
of $77.66. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.86        0.86       1.01      Beat    17.4
 Sep. 30 2023  0.53        0.53       0.65      Beat    23.4
 Jan. 1 0001   0.55        0.55       0.55      Met     0​
 Mar. 31 2023  0.95        0.98       1.26      Beat    29.2
 ​​Dec.        0.78        0.79       1.11      Beat    41.4
 31 2022                                                
 Sep. 30 2022  0.51        0.60       0.54      Missed  -10​
 Jun. 30 2022  0.59        0.59       0.68      Beat    16.2
 Mar. 31 2022  0.82        0.82       0.92      Beat    12.7
 This summary was machine generated April 30 at 22:44 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)