Sonos (SONO) closed on the most recent trading day at $ 32.21, up 1.8% from the previous trading session. The change topped the S&P 500’s 1.71% gain on the day.
As of today dawn, shares of the wireless speaker and home audio system maker had lost 13.83% in the past month, behind the 4.84% loss in the consumer discretionary sector. and the loss of 2.25% of the S&P 500 during this period.
SONO will seek to show its strength as the next publication of its results approaches. On that day, SONO is expected to report earnings of – $ 0.07 per share, which would be a 146.67% year-over-year decline. Meanwhile, Zacks’ consensus estimate for revenue projects net sales of $ 351.56 million, up 3.45% from the previous year.
Investors might also notice recent changes in analyst estimates for SONO. Recent revisions tend to reflect the latest short-term business trends. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.
Research indicates that these estimate revisions are directly correlated with short-term stock price dynamics. We have developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and provides a clear and actionable scoring model.
Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks ranking system has a proven and externally verified track record of outperformance, with # 1 stocks returning an average of + 25% per year since. 1988. The Zacks Consensus The EPS estimate has remained stagnant over the past month. SONO currently has a Zacks rank of # 3 (Hold).
Digging into the valuation, SONO currently has a forward P / E ratio of 27.04. For comparison, his industry has an average forward P / E of 13.25, which means SONO is trading at a premium to the group.
Meanwhile, SONO’s PEG ratio is currently 0.65. This popular metric is similar to the well-known P / E ratio, except that the PEG ratio also takes into account the expected rate of earnings growth of the company. Audio-video production held an average PEG ratio of 1.13 at yesterday’s closing price.
The audio-video production industry is part of the consumer discretionary sector. This group has a Zacks Industry Rank of 47, placing it in the top 19% of all 250+ industries.
The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within the groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
To follow SONO in future trading sessions, be sure to use Zacks.com.
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