Dolby (DLB) To Report Q4 Earnings: What's In The Offing?
Zacks Investment Research | Nov 10, 2019 08:08PM ET
Dolby Laboratories, Inc. (NYSE:DLB) is scheduled to report fourth-quarter fiscal 2019 financial results on Nov 14, after the closing bell. In the last reported quarter, the company delivered a negative earnings surprise of 22.5%. Dolby topped the Zacks Consensus Estimate for earnings thrice in the trailing four quarters, the average positive beat being 2.7%.
The company is likely to report higher consolidated revenues on a year-over-year basis in the quarter under review, on the back of solid licensing business.
For the September quarter, the Zacks Consensus Estimate for total revenues stands at $298 million. The company reported $265 million in the prior-year quarter. Consequently, adjusted earnings per share are pegged at 48 cents. The same was 31 cents posted a year ago.
Takeaways From Q4
During the fiscal fourth quarter, the company continued to see Dolby experiences become increasingly available to more people around the world. At August end, Dolby, in concert with Warner Bros. and AMC Theatres, brought The Matrix — winner of four Academy Awards including Best Sound — to select theaters nationwide for a one-week engagement in Dolby Cinema at AMC. The move was in celebration of the film’s 20-year anniversary. Warner Bros. re-released the motion picture for the first time in Dolby Vision and Dolby Atmos.
What Our Model Says
Our proven model doesn’t conclusively predict an earnings beat for Dolby this time around. The combination of a positive Zacks Investment Research
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