Sonos Sees FY24 Revenue $1.6B-$1.7B vs $1.65B Est.
Portfolio Pulse from Benzinga Newsdesk
Sonos projects its FY24 revenue to be between $1.6 billion and $1.7 billion, which is in line with the estimated $1.65 billion.
May 07, 2024 | 9:24 pm
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Sonos anticipates FY24 revenue to range from $1.6B to $1.7B, closely matching the $1.65B analyst estimate.
Sonos's revenue forecast for FY24 is directly in line with analyst expectations, indicating a neutral impact on its stock price in the short term. The forecast demonstrates stability in Sonos's business outlook, but since it meets rather than exceeds expectations, the immediate impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100