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

Vizio Holding

09/05/2024 16:49

* Vizio Holding Corp  VZIO.N  reported a quarterly adjusted
loss
of 1 cent​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of eight analysts for
the quarter was for breakeven results per share. Wall Street
expected results to range from -1 cents to 2 cents per share.
    * Revenue fell 0.8% to $353.90 million from a year ago;
analysts
expected $375.14 million. 
    * Vizio Holding Corp's reported EPS for the quarter was a
loss of
1 cent​.
    * The company reported a quarterly loss of $12.1 million.
    * Vizio Holding Corp shares had fallen by 4.2% this
quarter and
gained 36.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 62.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 May 9 at 03:49
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
 Mar. 31 2024      0.00           -0.01          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