Sonos Inc reports results for the quarter ended December 31 - Earnings Summary

• Sonos Inc SONO.OQ reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of five analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 7 cents to 23 cents per share.

• Revenue fell 10.1% to $550.86 million from a year ago; analysts expected $519.47 million.

• Sonos Inc's reported EPS for the quarter was 40 cents​.

• The company reported quarterly net income of $50.24 million.

• Sonos Inc shares had fallen by 5.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 $17.00

This summary was machine generated from LSEG data February 6 at 10:01 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)