Sonos Inc reports results for the quarter ended June 30 - Earnings Summary

• Sonos Inc SONO.OQ reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of three analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -16 cents to -5 cents per share.

• Revenue fell 13.2% to $344.76 million from a year ago; analysts expected $324.84 million.

• Sonos Inc's reported EPS for the quarter was a loss of 3 cents​.

• The company reported a quarterly loss of $3.38 million.

• Sonos Inc shares had risen by 0.5% this quarter and lost 27.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 58.4% 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 2 "strong buy" or "buy," 1 "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 $12.25, about 11.3% above its last closing price of $10.86

This summary was machine generated from LSEG data August 6 at 09:02 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)