Sonos anticipates significant losses in earnings report
- Sonos is set to release earnings details after the close of trading today.
- The company is projected to lose $0.41 per share on significant revenue expectations.
- Investor sentiment is split, with some anticipating an increase in stock price and others expecting a decline.
Sonos is scheduled to announce its earnings on November 13, 2024, after the market closes. The company's performance has fluctuated in recent years, with a notable loss of $0.18 per share in 2020, followed by profit margins of $1.24 per share in 2022 and $0.92 in 2023. Despite these earnings in the preceding years, analysts forecast a greater loss of $0.41 per share for the fourth quarter of 2024, while estimating revenue around $252.67 million. The lack of consistent growth in the company may lead to uncertainty among investors, who are divided on the company's prospects moving forward. The upcoming earnings report is poised to be pivotal for stock performance, as bullish investors hope for a positive response, while bearish investors may anticipate a dip in stock values.