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

Lucky Strike Entertainment

06/05/2024 14:32

* Bowlero Corp  BOWL.N  reported quarterly adjusted earnings
of 13
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -22
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 24 cents per share. Wall Street expected
results to range from 17 cents to 37 cents per share.
    * Revenue rose 7% to $337.67 million from a year ago;
analysts
expected $341.41 million. 
    * Bowlero Corp's reported EPS for the quarter was 13 cents​.
    * The company reported quarterly net income of $23.85
million.
    * Bowlero Corp shares had fallen by 8.8% this quarter and
lost 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," no
"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
$18.00 
This summary was machine generated from LSEG data May 6 at 01:31
p.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
 Mar. 31 2024      0.24           0.13           Missed
 Dec. 31 2023      0.12           -0.44          Missed
 Sep. 30 2023      -0.04          0.09           Beat
 Jun. 30 2023      0.02           0.75           Beat