Bowlero Corp reports results for the quarter ended in June 30 - Earnings Summary

Reuters
06 Sep 2024

* Bowlero Corp reported a quarterly adjusted loss of 43 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 75 cents. The mean expectation of ten analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -10 cents to 7 cents per share.

* Revenue rose 18.6% to $283.87 million from a year ago; analysts expected $274.44 million.

* Bowlero Corp's reported EPS for the quarter was a loss of 43 cents​.

* The company reported a quarterly loss of $62.18 million.

* Bowlero Corp shares had fallen by 25.5% this quarter and lost 23.8% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 44.4% in the last three months.​

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the leisure & recreation peer group is also "buy"

Wall Street's median 12-month price target for Bowlero Corp is $17.00 This summary was machine generated from LSEG data September 6 at 05:56 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Jun. 30 2024 -0.02 -0.43 Missed

Mar. 31 2024 0.24 0.13 Missed

Dec. 31 2023 0.12 -0.44 Missed

Sep. 30 2023 -0.04 0.09 Beat

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