For the quarter ended December 2023, Sonos (SONO) reported revenue of $612.87 million, down 8.9% over the same period last year. EPS came in at $0.84, compared to $0.57 in the year-ago quarter.
The reported revenue represents a surprise of +4.06% over the Zacks Consensus Estimate of $588.96 million. With the consensus EPS estimate being $0.60, the EPS surprise was +40.00%.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how Sonos performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue by Product Category- Sonos speakers: $503.01 million versus the two-analyst average estimate of $468.53 million. The reported number represents a year-over-year change of -6.7%.
- Revenue by Product Category- Partner products and other revenue: $25.30 million compared to the $19.90 million average estimate based on two analysts. The reported number represents a change of +33.5% year over year.
- Revenue by Product Category- Sonos system products: $84.56 million versus the two-analyst average estimate of $100.98 million. The reported number represents a year-over-year change of -26.1%.
View all Key Company Metrics for Sonos here>>>
Shares of Sonos have returned -5.1% over the past month versus the Zacks S&P 500 composite’s +5.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Sonos, Inc. (SONO) : Free Stock Analysis Report
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