11/8/2023 0 Comments Sonos play 1 softwareWorkday WDAY has an Earnings ESP of +2.39% and a Zacks Rank #1. Shares of the company have gained 165.9% in the past year. The Zacks Consensus Estimate for NVDA’s to-be-reported quarter’s earnings and revenues is pegged at $2.06 per share and $11.02 billion, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here. NVDA is set to report its second-quarter 2023 results on Aug 23. NVIDIA NVDA has an Earnings ESP of +5.56% and a Zacks Rank #1. Here are some stocks you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this quarter: You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Sonos has an Earnings ESP of 0.00% and a Zacks Rank #3. The flywheel initiatives are expected to have helped the company to expand its customer base and monetize the existing customer install base through new product launches. Also, the robust uptake of Era 100 and Era 300 speakers is likely to have cushioned the top-line performance. On a positive note, the company is likely to have benefited from the latest subscription-based software-as-a-service offering - Sonos Pro. The company has been focused on its three strategic initiatives - expanding its brand, boosting its offerings and driving operational excellence. The consensus estimate for Sonos system products and the Sonos speakers segment is pegged at $40.9 million and $276.9 million, respectively.ĭespite these headwinds, higher selling prices are expected to have provided some cushioning to the fiscal third-quarter results. Also, the company’s top line is expected to have been affected due to dealers in the Installer Solutions channel targeting a lower-than-expected level of inventory and weakness prevailing over global macroeconomic conditions.Ĭontinued weakness in Sonos system products and the Sonos speakers segment is likely to have affected its fiscal third-quarter performance. The company’s performance is likely to have been affected by softening run-rate levels due to a decline in U.S. Unfavorable forex movement and lingering supply-chain issues resulting in increased component costs are likely to have been other headwinds. Sonos is set to announce its fiscal third-quarter performance, but it has been facing several challenges in the past quarter, including softening consumer demand and inventory tightening by channel partners.
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