Sonos Inc expected to post earnings of 40 cents a share - Earnings Preview

Sonos

02/02/2024 21:45

* Sonos Inc  SONO.OQ   SONO.O  is expected to show a fall in
quarterly revenue when it reports  results on February 6 for the
period ending December 31 2023
    * The Santa Barbara California-based  company is expected to
report a 12.7% decrease in revenue to $587.204 million from
$672.58 million a year ago, according to the mean estimate from
5 analysts, based on LSEG data.The company's guidance on
November 15 2023, for the period ended December 31, was for
revenue between $579.78 million and $610.29 million.
    * ​LSEG's mean analyst estimate for Sonos Inc is for
earnings of
40 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 5.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Sonos Inc
is
$20.00​, above​ its last closing price of $15.86. ​​​

The company's guidance on November 15 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD579.7793 million and
USD97.64704 million.The company's guidance on November 15 2023
for the period ended December 31 was for gross profit margin of
USD45%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -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. 31 2022  0.37        0.40       0.57      Beat    41.3
 ​​Sep.        -0.42       -0.41      -0.50     Missed  -21.4
 30 2022                                                
 Jun. 30 2022  0.07        0.09       0.00      Missed  -105.8
                                                        ​
 Mar. 31 2022  0.06        0.07       0.06      Missed  -8.7
 Dec. 31 2021  0.95        0.92       0.87      Missed  -5.6
 This summary was machine generated February 2 at 21:45 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)