Sonos, GoPro, Apple, and Peloton: A Q3 Earnings Roundup

In the recent earnings season, consumer electronics stocks exhibited resilience amid evolving industry dynamics.

Q3 Performance Overview

Four tracked consumer electronics companies reported robust Q3 revenues, exceeding analyst consensus by 1.8%. However, revenue guidance for the next quarter fell 2.3% below expectations. Despite this, company share prices remained stable post-earnings.

Sonos (SONO)

* Premium wireless speaker and sound system manufacturer
* Revenue: $255.4 million, down 16.3% YoY but surpassing estimates by 2.8%
* Key Highlights:
* Beat analyst EBITDA estimates
* Launched new products (Arc Ultra, Sub 4)
* Current share price: $13.95

GoPro (GPRO)

* Camera company known for extreme athlete sponsorship
* Revenue: $258.9 million, down 12% YoY but outperforming estimates by 1.5%
* Key Highlights:
* Beat analyst EPS and EBITDA estimates
* Market reaction: Stock down 28.7% since earnings release
* Current share price: $1.04

Apple (AAPL)

* Tech giant behind iPhone and App Store
* Revenue: $94.93 billion, up 6.1% YoY, exceeding estimates by 0.5%
* Key Highlights:
* Mixed quarter: Revenue inline, operating income beat expectations
* Services segment missed revenue targets
* Current share price: $229.90

Peloton (PTON)

* Fitness technology company offering home exercise equipment and online classes
* Revenue: $585.9 million, down 1.6% YoY but surpassing estimates by 2.5%
* Key Highlights:
* Strong quarter with EBITDA guidance beat
* Beat analyst EPS estimates
* Current share price: $8.22

Market Outlook

Recent rate cuts and a post-election surge have fueled stock market growth in 2024. However, uncertainties remain regarding future rate cuts and trade policy changes under the new administration.

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Investors seeking stable growth opportunities should consider our Top 5 Quality Compounder Stocks, which offer solid fundamentals regardless of market conditions.