Sonos Inc expected to post a loss of 46 cents a share - Earnings Preview

Sonos

03/05/2024 23:15

* Sonos Inc  SONO.OQ   SONO.O  is expected to show a fall in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Santa Barbara California-based  company is expected to
report a 18.7% decrease in revenue to $247.407 million from
$304.17 million a year ago, according to the mean estimate from
4 analysts, based on LSEG data.The company's guidance on
February 6 2024, for the period ended March 31, was for revenue
between $239.02 million and $251.28 million.
    * ​LSEG's mean analyst estimate for Sonos Inc is for a loss
of 46
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 Sonos Inc
is
$25.00​, above​ its last closing price of $16.94. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.39        0.40       0.64      Beat    62
 Sep. 30 0001  -0.18       -0.18      -0.25     Missed  -36.7
 Jun. 30 2023  -0.24       -0.20      -0.18     Beat    10​
 Mar. 31 2023  -0.20       -0.18      -0.24     Missed  -30.4
 ​​Dec.        0.37        0.40       0.57      Beat    41.3
 31 2022                                                
 Sep. 30 2022  -0.42       -0.41      -0.50     Missed  -21.4​
 Jun. 30 2022  0.07        0.09       0.00      Missed  -105.8
 Jan. 1 0001   0.06        0.07       0.06      Missed  -8.7
 This summary was machine generated May 3 at 22:14 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)