From Nasdaq: 2024-11-18 08:52:00

Dolby Laboratories Inc (DLB) is set to report fourth-quarter fiscal 2024 results on Nov. 19. The Zacks Consensus Estimate for revenues is $305.8 million, with an expected growth of 5.3%. Non-GAAP EPS is forecasted between 61 cents and 76 cents, with an estimated consensus of 68 cents per share.

Factors to Note for DLB’s Q4 Release include steady momentum in Dolby Atmos, imaging patents, and Dolby Vision. However, soft device shipments and sluggish box office performance may impact revenues. DLB expects Licensing revenues between $275 million to $295 million, with a predicted increase in Licensing revenues year-over-year.

For the full year, Dolby anticipates revenues between $1.27 billion and $1.29 billion, at the lower end of expected growth. The company projects a GAAP operating margin of 20% and non-GAAP margin of nearly 31%. Non-GAAP EPS is forecasted within the $3.60-$3.75 range.

Our model does not predict an earnings beat for DLB this quarter due to an Earnings ESP of -1.47% and a Zacks Rank #3. Stocks to consider for an earnings beat include GDS Holdings Limited (GDS), Walmart Inc. (WMT), and NVIDIA Corporation (NVDA), with positive Earnings ESP and Zacks Ranks.

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Read more at Nasdaq: Dolby to Post Q4 Earnings: Here’s What Investors Should Know