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Earnings Estimates Rising for Sonos (SONO): Will It Gain?
ZACKSยท 2025-08-18 17:21
Core Viewpoint - Sonos (SONO) is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook that may continue to drive stock price growth [1][2]. Earnings Estimate Revisions - Analysts have shown growing optimism regarding Sonos's earnings prospects, reflected in the upward trend of earnings estimate revisions, which historically correlate with stock price movements [2]. - For the current quarter, Sonos is expected to earn $0.05 per share, representing a year-over-year increase of +127.8%. The Zacks Consensus Estimate has risen by 67.69% due to one upward revision and no negative revisions in the last 30 days [5]. - For the full year, the earnings estimate stands at $0.59 per share, reflecting a +5.4% change from the previous year. The consensus estimate has increased by 82.5% with one upward revision and no negative revisions [6][7]. Zacks Rank - Sonos currently holds a Zacks Rank 2 (Buy), indicating favorable conditions for investment based on promising estimate revisions. Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. Stock Performance - Over the past four weeks, Sonos shares have appreciated by 23.2%, suggesting that investor confidence is bolstered by the company's impressive earnings growth prospects [9].