* Sonos Inc 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
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