Sonos Inc reports results for the quarter ended in December - Earnings Summary

Sonos

06/02/2024 22:41

* Sonos Inc  SONO.OQ  reported quarterly adjusted earnings
of 64
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 57
cents.  The mean expectation of six analysts for the quarter was
for earnings of 40 cents per share. Wall Street expected
results to range from 32 cents to 45 cents per share.
    * Revenue fell 8.9% to $612.87 million from a year ago;
analysts
expected $587.20 million. 
    * Sonos Inc's reported EPS for the quarter was 64 cents​.
    * The company reported quarterly net income of $80.95
million.
    * Sonos Inc shares had fallen by 7.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 38.1%
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 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the household
electronics peer group is also "buy"

Wall Street's median 12-month price target for Sonos Inc is
$20.00 
This summary was machine generated from LSEG data February 6 at
10:41 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
 Dec. 31 2023      0.40           0.64           Beat
 Sep. 30 2023      -0.18          -0.25          Missed
 Jun. 30 2023      -0.20          -0.18          Beat
 Mar. 31 2023      -0.18          -0.24          Missed