Dolby Laboratories Inc expected to post earnings of 86 cents a share - Earnings Preview

Dolby Laboratories

30/01/2024 21:38

* Dolby Laboratories Inc  DLB.N   DLB  is expected to show a
fall
in quarterly revenue when it reports  results on February 1 for
the period ending December 31 2023
    * The San Francisco California-based  company is expected to
report a 6.6% decrease in revenue to $312.874 million from
$334.92 million a year ago, according to the mean estimate from
3 analysts, based on LSEG data.The company's guidance on
November 16 2023, for the period ended December 31, was for
revenue between $300.00 million and $330.00 million. (Sale is on
Total Revenue basis.)
    * ​LSEG's mean analyst estimate for Dolby Laboratories Inc
is for
earnings of 86 cents per share. The company's EPS guidance on
November 16 2023, for the period ended December 31, was between
$0.80 and $0.95 
    * 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 $84.68. ​​​

The company's guidance on November 16 2023 for the period ended
December 31 was for gross profit margin between USD89% and
USD90%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.53        0.53       0.65      Beat    23.4
 Jun. 30 2023  0.55        0.55       0.55      Met     0
 Mar. 31 2023  0.95        0.98       1.26      Beat    29.2​
 Dec. 31 2022  0.78        0.79       1.11      Beat    41.4
 ​​Sep.        0.51        0.60       0.54      Missed  -10
 30 2022                                                
 Jun. 30 2022  0.59        0.59       0.68      Beat    16.2​
 Mar. 31 2022  0.82        0.82       0.92      Beat    12.7
 Dec. 31 2021  1.06        1.06       1.01      Missed  -4.9
 This summary was machine generated January 30 at 21:38 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)