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

Vizio Holding

07/08/2024 23:31

* Vizio Holding Corp  VZIO.N  reported quarterly breakeven
results​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of eight analysts for the quarter
was for breakeven results per share. Wall Street expected
results to range from -4 cents to 5 cents per share.
    * Revenue rose 10.9% to $437.30 million from a year ago;
analysts
expected $397.28 million. 
    * Vizio Holding Corp's reported EPS for the quarter was
breakeven
results​.
    * The company reported quarterly net income of $200
thousand.
    * Vizio Holding Corp shares had risen by 1.9% this
quarter and
gained 42.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 105.1% 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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 11
"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 $11.50 
This summary was machine generated from LSEG data August 7 at
10:31 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
 Jun. 30 2024      0.00           0.00           Met
 Mar. 31 2024      0.00           -0.01          Missed
 Dec. 31 2023      0.01           0.07           Beat
 Sep. 30 2023      0.01           0.07           Beat