Sonos, Inc. (NASDAQ:SONO) is reporting fourth quarter earnings results on Wednesday 18th November 2020, after market close.
The consensus estimates from Thomson Reuters are $ 298.77 million in revenue.
For the full year, analysts predict revenues of $ 1285.31 million, while looking forward to loss of $ 0.35 per share.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 290.00 million ~ $ 305.00 million
Full Year 2020 topline are forecasted in a range of$ 1,277.00 million ~ $ 1,292.00 million
Click Here For More Historical Outlooks Of Sonos, Inc.
Previous Quarter Performance
Sonos, Inc. communicated loss for the third quarter of $ 0.28 per share, from the revenue of $ 249.31 million. Street analysts expected Sonos, Inc. to report loss of $ 0.27 per share on revenue of $ 235.78 million for the third quarter. The bottom line results missed street analysts by $ 0.01 or 3.7 percent, at the same time, top line results outshined analysts by $ 13.53 million or 5.74 percent.
Stock Performance
Shares of Sonos, Inc. traded up $ 0.15 or 0.88 percent on Tuesday, reaching $ 17.14 with volume of 3.54 million shares. Sonos, Inc. has traded high as $ 17.40 and has cracked $ 16.52 on the downward trend
According to the previous trading day, closing price of $ 17.14, representing a 158.21 % increase from the 52 week low of $ 6.58 and a 4.71 % decrease over the 52 week high of $ 17.83.
The company has a market capital of $ 1.90 billion and is part of the Technology sector and Consumer Electronics industry.
Recent Analyst recommendations
- On 15th October 2020, upgraded by Bank of America to Buy from Neutral rating, with $ 18.00 target price.
Conference Call
Sonos, Inc. will be hosting a conference call at 5:00 PM eastern time on 18th November 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, (833) 921-1637 (United States) or (236) 714-2128 Outside U.S., and the passcode is 7717309 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.sonos.com
Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the United States and internationally. It provides wireless speakers, home theater speakers, and components. The company offers its products through third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its sonos.com Website.
