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

Lucky Strike Entertainment

05/11/2024 07:54

* Bowlero Corp  BOWL.N  reported quarterly adjusted earnings
of 13
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 9 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 17 cents per share. Wall Street
expected results to range from -23 cents to -12 cents per share.
    * Revenue rose 14.4% to $260.20 million from a year ago;
analysts
expected $249.47 million. 
    * Bowlero Corp's reported EPS for the quarter was 13 cents​.
    * The company reported quarterly net income of $23.1
million.
    * Bowlero Corp shares had fallen by 11.6% this quarter and
lost 26.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 November 5 at
07:53 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
 Sep. 30 2024      -0.17          0.13           Beat
 Jun. 30 2024      -0.02          -0.43          Missed
 Mar. 31 2024      0.24           0.13           Missed
 Dec. 31 2023      0.12           -0.44          Missed