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    SONO   US83570H1086

SONOS, INC.

(SONO)
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Sonos: Fiscal Q2 Earnings Snapshot

06/18/2021 | 08:51am EDT

SANTA BARBARA, Calif. (AP) _ Sonos Inc. (SONO) on Wednesday reported fiscal second-quarter net income of $17.2 million, after reporting a loss in the same period a year earlier.

The Santa Barbara, California-based company said it had profit of 12 cents per share. Earnings, adjusted for non-recurring costs, were 31 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The maker of wireless speakers and home sound systems posted revenue of $332.9 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $251.5 million.

Sonos expects full-year revenue in the range of $1.63 billion to $1.68 billion.

Sonos shares have risen 44% since the beginning of the year. The stock has more than doubled in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SONO at https://www.zacks.com/ap/SONO

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on SONOS, INC.
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Financials (USD)
Sales 2021 1 715 M - -
Net income 2021 160 M - -
Net cash 2021 702 M - -
P/E ratio 2021 32,0x
Yield 2021 -
Capitalization 4 524 M 4 524 M -
EV / Sales 2021 2,23x
EV / Sales 2022 1,95x
Nbr of Employees 1 427
Free-Float 96,9%
Chart SONOS, INC.
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Sonos, Inc. Technical Analysis Chart | SONO | US83570H1086 | MarketScreener
Technical analysis trends SONOS, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 35,97 $
Average target price 45,83 $
Spread / Average Target 27,4%
EPS Revisions
Managers and Directors
Patrick Spence President, Chief Executive Officer & Director
Brittany Bagley Chief Financial Officer
Michelangelo A. Volpi Chairman
Maxime Bouvat-Merlin Senior VP-Hardware & Operations
Julius Genachowski Independent Director
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