Wireless audio maker Sonos beats Q4 revenue estimates

Reuters11-05
Wireless audio maker Sonos beats Q4 revenue estimates

Overview

  • Sonos Q4 revenue grows 13% yr/yr, beating analyst expectations

  • Adjusted EPS for Q4 beats consensus, reflecting improved financial performance

  • Adjusted EBITDA for Q4 exceeds analyst estimates, driven by transformation efforts

Outlook

  • Sonos will provide guidance during its earnings call

Result Drivers

  • TRANSFORMATION EFFORTS - Sonos attributes significant growth in fiscal 2025 Adjusted EBITDA to transformation efforts, becoming a leaner, more focused organization

  • SOFTWARE AND LEADERSHIP IMPROVEMENTS - CEO Tom Conrad cites restoration of software quality and strengthened leadership team as key achievements in Q4

  • UNIFIED SOUND PLATFORM - Sonos aims to unite hardware, software, and design into a seamless home platform, contributing to Q4 success

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$287.90 mln

$275.80 mln (2 Analysts)

Q4 Adjusted EPS

Beat

-$0.06

-$0.24 (2 Analysts)

Q4 Adjusted Net Income

Beat

-$6.80 mln

-$34.90 mln (1 Analyst)

Q4 Net Income

-$37.85 mln

Q4 Adjusted EBITDA

Beat

$6.40 mln

$2.62 mln (2 Analysts)

Q4 Operating Income

-$34.40 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and 2 "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 $14.70, about 11.6% below its November 4 closing price of $16.41

Press Release: ID:nBw3zjYxa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment