Sonos Inc reports results for the quarter ended September 30 - Earnings Summary

Sonos

14/11/2024 04:00

* Sonos Inc  SONO.OQ  reported a quarterly adjusted loss
of 44
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of -25
cents.  The mean expectation of five analysts for the quarter
was for a loss of 41 cents per share. Wall Street expected
results to range from -47 cents to -33 cents per share.
    * Revenue fell 16.3% to $255.38 million from a year ago;
analysts
expected $247.36 million. 
    * Sonos Inc's reported EPS for the quarter was a loss of 44
cents​.
    * The company reported a quarterly loss of $53.09 million.
    * Sonos Inc shares had risen by 14.4% this quarter and
lost 18.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the household
electronics peer group is  "hold."

Wall Street's median 12-month price target for Sonos Inc is
$14.00 
This summary was machine generated from LSEG data November 14 at
04:00 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
 Sep. 30 2024      -0.41          -0.44          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