* Bowlero Corp reported quarterly adjusted earnings of 13 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 9 cents. The mean expectation of ten analysts for the quarter was for a loss of 17 cents per share. Wall Street expected results to range from -23 cents to -12 cents per share.
* Revenue rose 14.4% to $260.20 million from a year ago; analysts expected $249.47 million.
* Bowlero Corp's reported EPS for the quarter was 13 cents.
* The company reported quarterly net income of $23.1 million.
* Bowlero Corp shares had fallen by 11.6% this quarter and lost 26.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 9% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
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 November 5 at 07:53 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
Sep. 30 2024 -0.17 0.13 Beat
Jun. 30 2024 -0.02 -0.43 Missed
Mar. 31 2024 0.24 0.13 Missed
Dec. 31 2023 0.12 -0.44 Missed
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