Earnings Preview: Sonos
Portfolio Pulse from Benzinga Insights
Sonos (NASDAQ:SONO) is scheduled to release its quarterly earnings report on Wednesday, 2023-11-15, with analysts expecting an EPS of $-0.19. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Sonos's stock price has been affected more by guidance than earnings beats or misses. Last quarter, Sonos beat the EPS estimate but saw a 6.39% drop in share price the following day. Over the last year, Sonos shares have declined by 33.05%.
November 14, 2023 | 3:01 pm
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NEUTRAL IMPACT
Sonos is anticipated to report a quarterly EPS of $-0.19. Investors will focus on earnings results and future guidance, which historically have influenced stock price more than earnings beats or misses.
The expected EPS is a key indicator of the company's performance, and the historical data shows that guidance has had a significant impact on the stock's price movement. However, given the mixed historical price reactions and the overall negative trend over the past year, the short-term impact is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100