Sonos Inc expected to post earnings of 1 cent a share - Earnings Preview

Sonos

06/08/2024 03:05

* Sonos Inc  SONO.OQ   SONO.O  is expected to show a rise in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Santa Barbara California-based  company is expected to
report a 4.8% increase in revenue to $391.242 million from
$373.36 million a year ago, according to the mean estimate from
4 analysts, based on LSEG data.The company's guidance on May 7
2024, for the period ended June 30, was for revenue between
$375.00 million and $405.00 million.
    * ​LSEG's mean analyst estimate for Sonos Inc is for
earnings of 1
cent 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 $11.97. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD375 million and USD40 million.The
company's guidance on May 7 2024 for the period ended June 30
was for gross profit margin between USD45% and USD46%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.46       -0.46      -0.56     Missed  -21.2
 Dec. 31 2024  0.39        0.40       0.64      Beat    62
 Jan. 1 0001   -0.18       -0.18      -0.25     Missed  -36.7​
 Jun. 30 2023  -0.24       -0.20      -0.18     Beat    10
 ​​Mar.        -0.20       -0.18      -0.24     Missed  -30.4
 31 2023                                                
 Dec. 31 2022  0.37        0.40       0.57      Beat    41.3​
 Sep. 30 2022  -0.42       -0.41      -0.50     Missed  -21.4
 Jun. 30 2022  0.07        0.09       0.00      Missed  -105.8
 This summary was machine generated August 6 at 02:04 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)