Snap One (SNPO) Q4 Earnings: What To Expect

Radek Strnad /
2024/03/06 2:00 am EST

Smart living technology company Snap One (NASDAQ:SNPO) will be reporting results tomorrow afternoon. Here's what to look for.

Last quarter Snap One reported revenues of $270.1 million, down 3.9% year on year, missing analyst expectations by 3%. It was a slower quarter for the company, with a miss of analysts' earnings and revenue estimates.

Is Snap One buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Snap One's revenue to decline 0.7% year on year to $266.4 million, improvement on the 1.9% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.

Snap One Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Snap One's peers in the leisure products segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Bark's revenues decreased 6.9% year on year, beating analyst estimates by 1.4% and YETI reported revenues up 15.4% year on year, missing analyst estimates by 3.5%. Bark traded up 1.9% on the results, and YETI was down 12.9%.

Read our full analysis of Bark's results here and YETI's results here.

Investors in the leisure products segment have had steady hands going into the earnings, with the stocks down on average 1.5% over the last month. Snap One is down 8.1% during the same time, and is heading into the earnings with analyst price target of $11.2, compared to share price of $7.5.

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.