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Analysts are increasingly optimistic about Sonos' earnings after recent results, expecting a significant rise in EPS. Despite a predicted slowdown in revenue growth, it's still expected to align with the industry. The price target upgrade indicates analysts' belief in the business's improving intrinsic value over time.
Rosenblatt analysts uphold their Buy rating on Sonos, raising their price target to $24 from $20 due to strong Q4 performance. Raymond James analysts maintain their Market Perform rating, adjusting revenue estimates and earnings forecasts, speculating a significant new product launch.
Morning Movers Gapping up $Ford Motor (F.US)$shares rallied 6% in premarket U.S. trading on Wednesday after the automotive giant unveiled a 2024 revenue outlook that topped analysts' expectations and vowed to return more cash to its stakeholders. Michigan-based Ford guided for annual pre-tax income of $10 billion to $20 billion, above Bloomberg consensus estimates of $9.5 billion. The announcement, which echoed a similarly rosy o...
Sonos's Q1 results surpassed expectations, with an impressive EPS and revenue. The unchanged guidance and upcoming product line announcement are building excitement. Despite a revenue decline, the company's performance is positive, pushing the stock up 15.3%.
$Sonos (SONO.US)$Sonos beat estimated earnings by 115.38%, reporting an EPS of $0.84 versus an estimate of $0.39.
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Sonos (NASDAQ:SONO) reported quarterly earnings of $0.84 per share which beat the analyst consensus estimate of $0.39 by 115.38 percent. This is a 6.33 percent increase over earnings of $0.79 per share from the same period last year. The company reported quarterly sales of $612.87 million which beat the analyst consensus estimate of $587.20 million by 4.37 percent. This is a 8.88 percent decrease over sales of $672.58 million the same period last year.
Despite Sonos' high P/S ratio, investors are still attracted to the stock. However, average growth expectations and unimpressive revenue figures question the sustainability of its high P/S, potentially risking shareholders' investments and causing potential investors to pay an unnecessary premium.
Despite shares currently trading around fair value, Sonos's positive future outlook is encouraging. Investors should also take into account factors like balance sheet strength for upcoming price drops.
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