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

Sonos

08/08/2024 01:26

* Sonos Inc  SONO.OQ  reported quarterly adjusted earnings
of 3
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -18
cents.  The mean expectation of five analysts for the quarter
was for earnings of one cent per share. Wall Street expected
results to range from -8 cents to 8 cents per share.
    * Revenue rose 6.4% to $397.15 million from a year ago;
analysts
expected $391.24 million. 
    * Sonos Inc's reported EPS for the quarter was 3 cents​.
    * The company reported quarterly net income of $3.71
million.
    * Sonos Inc shares had fallen by 15.7% this quarter and
lost 27.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 1
"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
$25.00 
This summary was machine generated from LSEG data August 8 at
12:25 a.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
 Jun. 30 2024      0.01           0.03           Beat
 Mar. 31 2024      -0.46          -0.56          Missed
 Dec. 31 2023      0.40           0.64           Beat
 Sep. 30 2023      -0.18          -0.25          Missed