Snap One (SNPO) To Report Earnings Tomorrow: Here Is What To Expect

Smart living technology company Snap One (NASDAQ:SNPO) will be reporting earnings tomorrow after market hours. Here's what to expect.

Snap One met analysts' revenue expectations last quarter, reporting revenues of $264.4 million, down 1.4% year on year. It was a mixed quarter for the company, with an impressive beat of analysts' earnings estimates but full-year revenue guidance missing analysts' expectations.

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

This quarter, analysts are expecting Snap One's revenue to be flat year on year at $253 million, improving from the 9.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Snap One has missed Wall Street's revenue estimates three times over the last two years.

Looking at Snap One's peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Hasbro's revenues decreased 24.3% year on year, beating analysts' expectations by 2.2%, and Mattel reported flat revenue, falling short of estimates by 2.8%. Hasbro traded up 11.8% following the results while Mattel was also up 2.2%.

Read our full analysis of Hasbro's results here and Mattel's results here.

Growth stocks have seen elevated volatility as investors debate the Fed's monetary policy, and while some of the consumer discretionary stocks have fared somewhat better, they have not been spared, with share prices down 3.4% on average over the last month. Snap One is up 16.8% during the same time and is heading into earnings with an average analyst price target of $11 (compared to the current share price of $10.59).

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