Vizio Holding Corp reports results for the quarter ended in December - Earnings Summary

Vizio Holding

28/02/2024 02:51

* Vizio Holding Corp  VZIO.N  reported quarterly adjusted
earnings
of 7 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 3 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of one cent per share. Wall Street
expected results to range from zero cents to 2 cents per share.
    * Revenue fell 5.8% to $502.60 million from a year ago;
analysts
expected $498.80 million. 
    * Vizio Holding Corp's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $13.2
million.
    * Vizio Holding Corp shares had risen by 40.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.8%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the household
electronics peer group is also "hold"

Wall Street's median 12-month price target for Vizio Holding
Corp is $10.00 
This summary was machine generated from LSEG data February 28 at
02:50 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
 Dec. 31 2023      0.01           0.07           Beat
 Sep. 30 2023      0.01           0.07           Beat
 Jun. 30 2023      0.00           0.01           Beat
 Mar. 31 2023      -0.02          0.00           Beat