Sonendo, Inc. (NYSE:SONX) Expected to Announce Earnings of -$0.57 Per Share

Brokerages predict that Sonendo, Inc. (NYSE:SONXGet Rating) will report earnings per share (EPS) of ($0.57) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Sonendo’s earnings. The lowest EPS estimate is ($0.59) and the highest is ($0.53). The company is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Sonendo will report full-year earnings of ($2.19) per share for the current year, with EPS estimates ranging from ($2.28) to ($2.06). For the next year, analysts anticipate that the business will report earnings of ($1.52) per share, with EPS estimates ranging from ($1.56) to ($1.47). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Sonendo.

Sonendo (NYSE:SONXGet Rating) last issued its quarterly earnings results on Wednesday, March 23rd. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.22).

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group dropped their price target on Sonendo from $30.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, March 24th. Zacks Investment Research downgraded Sonendo from a “buy” rating to a “hold” rating in a report on Thursday, February 10th. Piper Sandler cut their price objective on shares of Sonendo from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, March 24th. Finally, Morgan Stanley started coverage on Sonendo in a report on Monday, January 31st. They set an “equal weight” rating and a $6.90 price target on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $11.15.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in Sonendo in the 4th quarter valued at $31,000. Northern Trust Corp acquired a new stake in shares of Sonendo during the 4th quarter worth $76,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Sonendo during the 4th quarter worth $82,000. Point72 Asset Management L.P. acquired a new stake in shares of Sonendo during the 4th quarter worth $115,000. Finally, BlackRock Inc. acquired a new stake in shares of Sonendo during the 4th quarter worth $116,000. Institutional investors and hedge funds own 18.29% of the company’s stock.

Shares of SONX stock opened at $2.87 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.75 and a quick ratio of 6.19. The company has a 50-day moving average price of $4.55. Sonendo has a twelve month low of $2.60 and a twelve month high of $12.24.

About Sonendo (Get Rating)

Sonendo, Inc, a commercial-stage medical technology company, develops, manufactures, and commercializes devices for root canal therapy in the United States and Canada. It provides GentleWave, a tooth decay treatment device for cleaning and disinfecting the microscopic spaces within teeth without the need to remove tooth structure.

Featured Stories

Get a free copy of the Zacks research report on Sonendo (SONX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Sonendo (NYSE:SONX)

Receive News & Ratings for Sonendo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonendo and related companies with MarketBeat.com's FREE daily email newsletter.