Bowlero Corp reports results for the quarter ended in June 30 - Earnings Summary

Lucky Strike Entertainment

06/09/2024 06:57

* Bowlero Corp  BOWL.N  reported a quarterly adjusted loss
of 43
cents​​ per share for the quarter ended June 30, lower than the
same quarter last year, when the company reported EPS of 75
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 2 cents per share. Wall Street expected results to
range from -10 cents to 7 cents per share.
    * Revenue rose 18.6% to $283.87 million from a year ago;
analysts
expected $274.44 million. 
    * Bowlero Corp's reported EPS for the quarter was a loss
of 43
cents​.
    * The company reported a quarterly loss of $62.18 million.
    * Bowlero Corp shares had fallen by 25.5% this quarter and
lost 23.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 44.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the leisure &
recreation peer group is also "buy"

Wall Street's median 12-month price target for Bowlero Corp is
$17.00 
This summary was machine generated from LSEG data September 6 at
05:56 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.02          -0.43          Missed
 Mar. 31 2024      0.24           0.13           Missed
 Dec. 31 2023      0.12           -0.44          Missed
 Sep. 30 2023      -0.04          0.09           Beat