Dolby Laboratories Inc expected to post earnings of 59 cents a share - Earnings Preview

Dolby Laboratories

06/08/2024 03:03

* Dolby Laboratories Inc  DLB.N   DLB  is expected to show a
fall
in quarterly revenue when it reports  results on August 7 for
the period ending June 30 2024
    * The San Francisco California-based  company is expected to
report a 4.1% decrease in revenue to $286.183 million from
$298.37 million a year ago, according to the mean estimate from
3 analysts, based on LSEG data.The company's guidance on May 2
2024, for the period ended June 30, was for revenue between
$270.00 million and $300.00 million. (Sale is on Total Revenue
basis.)
    * ​LSEG's mean analyst estimate for Dolby Laboratories Inc
is for
earnings of 59 cents per share. The company's EPS guidance on
May 2 2024, for the period ended June 30, was between $0.51 and
$0.66 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $99.00​, above​ its last closing price
of $73.58. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.19        1.19       1.27      Beat    6.4
 Dec. 31 2024  0.86        0.86       1.01      Beat    17.4
 Sep. 30 2023  0.53        0.53       0.65      Beat    23.4​
 Jun. 30 2023  0.55        0.55       0.55      Met     0
 ​​Mar.        0.95        0.98       1.26      Beat    29.2
 31 2023                                                
 Dec. 31 2022  0.78        0.79       1.11      Beat    41.4​
 Sep. 30 2022  0.51        0.60       0.54      Missed  -10
 Jun. 30 2022  0.59        0.59       0.68      Beat    16.2
 This summary was machine generated August 6 at 02:03 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)