Sonos (SONO) To Report Q4 Earnings: What's In The Offing?
Zacks Investment Research | Nov 12, 2018 08:28PM ET
Sonos, Inc. (NASDAQ:SONO) is set to report fourth-quarter fiscal 2018 results after the closing bell on Nov 15. In the last reported quarter, the company’s loss was wider than the Zacks Consensus Estimate of loss by 178.6%. Notably, Sonos became a publicly traded company in the fiscal third quarter.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Sonos has a focused growth strategy and aims to launch two new products every year. After the launch of Sonos One voice controlled smart speaker in the fiscal first quarter, the company introduced Sonos Beam — a compact Smart TV soundbar — during the to-be-reported quarter.
This Santa Barbara, CA-based consumer electronics firm is continuously working with modernized innovative sound systems based on AI to upgrade products with smart functions. In first-quarter fiscal 2019, the company is likely to start shipping the Sonos Amp — a wireless stereo amplifier that can be used to stream favorite digital music to favorite pair of speakers.
Sonos has expanded its operations in Japan — the second largest music market in the world. With a dedicated direct-to-consumer business model, the company aims to reach to more customers for a steady revenue stream. Moreover, the company has introduced AirPlay 2 that enables users to play any sound from an iPhone, iPad, or Mac computer, including YouTube videos and Netflix (NASDAQ:NFLX) movies, on Sonos speakers throughout the house.
With such innovative range of products, Sonos is likely to record healthy revenues in the fiscal fourth quarter. The Zacks Consensus Estimate for revenues is currently pegged at $249 million. The company reported revenues of $208 million in the previous quarter.
Earnings Whispers
Our proven model does not conclusively show that Sonos is likely to beat earnings this quarter as it does not possess the key components. A stock needs to have both a positive Earnings ESP Filter .
Sonos, Inc. Price and EPS Surprise
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