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

Sonos

09/08/2023 22:04

* Sonos Inc  SONO.OQ  reported a quarterly adjusted loss
of 18
cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss
of 20 cents per share.
    * Revenue rose 0.4% to $373.36 million from a year ago;
analysts
expected $334.24 million. 
    * Sonos Inc's reported EPS for the quarter was a loss of 18
cents​.
    * The mean earnings estimate of analysts had fallen by
about 29.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Sonos Inc shares had fallen by 2.8% this quarter and
lost 6.1%
so far this year.
    * The company reported a quarterly loss of $23.57 million.
    * Wall Street's median 12-month price target for Sonos Inc
is
$20.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.20          -0.18          Beat
 Mar. 31 2023      -0.18          -0.24          Missed
 Dec. 31 2022      0.40           0.57           Beat
 Sep. 30 2022      -0.41          -0.50          Missed