The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Dolby Laboratories's revenues will shrink -5.5% and EPS will drop -25.3%.
The average estimate for revenue is $246.1 million. On the bottom line, the average EPS estimate is $0.68.
Last quarter, Dolby Laboratories tallied revenue of $236.6 million. GAAP reported sales were 1.0% higher than the prior-year quarter's $234.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.64. GAAP EPS of $0.50 for Q1 were 25% lower than the prior-year quarter's $0.67 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 89.2%, 210 basis points worse than the prior-year quarter. Operating margin was 28.3%, much worse than the prior-year quarter. Net margin was 21.7%, 950 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $921.8 million. The average EPS estimate is $2.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 3,873 members out of 3,974 rating the stock outperform, and 101 members rating it underperform. Among 1,062 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,043 give Dolby Laboratories a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dolby Laboratories is hold, with an average price target of $33.00.
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