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Sonos (SONO) Launches Sonos Voice Control Solution in France

Sonos SONO has announced the launch of Sonos Voice Control for its French-speaking audience through an update of the company’s application.

The company had previously launched Sonos Voice Control in English in June 2022. The company noted a 30% increase in customers listening to music since its launch in the United States. The company wants to achieve similar results by launching Sonos Voice Control in France.

Sonos Voice Control allows its users to fully control the music using only their voice. It can be paired with any Sonos speaker, Sonos Radio, Apple Music, Amazon Music and Deezer. The company wants to further expand the product’s reach by introducing it across more services and markets.

Sonos, Inc. Price and Consensus

Sonos, Inc. Price and Consensus
Sonos, Inc. Price and Consensus

Sonos, Inc. price-consensus-chart | Sonos, Inc. Quote

Sonos Voice Control assists consumers in finding the required music effortlessly by handling all requests on the device. Customers can also follow up by saying, “Hey Sonos”. It allows customers to control any speaker in the house and save their favorite songs to their personal library.

Sonos Voice Control recognizes the nuance of human communication and reacts to natural requests like "turn it up!" in the United States and "Monte le volume" in France.

Sonos operates as a consumer electronics company primarily involved in manufacturing smart speakers with immersive sound experiences. The company continues to struggle owing to rising supply constraints and unfavorable forex movements.

The company reported a non-GAAP loss of 32 cents per share for the fiscal fourth quarter against earnings of 8 cents per share in the prior-year quarter. The Zacks Consensus Estimate is pegged at a loss of 43 cents per share.

Quarterly revenues declined 12% year over year to $316.3 million. However, it beat the Zacks Consensus Estimate by 4.6%.

The company currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 43.1% compared with the industry’s decline of 34.2% in the past year.

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Stocks to Consider

Some better-ranked stocks from the broader consumer discretionary sector are RCI Hospitality RICK, International Game Technology IGT and Arista Networks ANET. International Game Technology and Arista Networks currently sports a Zacks Rank #1 (Strong Buy), whereas RCI Hospitality presently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks.

The Zacks Consensus Estimate for RCI Hospitality’s 2022 earnings is pegged at $5.11 per share, up 0.6% in the past 60 days. The long-term earnings growth rate is anticipated to be 12%.

RCI Hospitality’s earnings beat the Zacks Consensus Estimate in three of the last four quarters, the average being 39.4%. Shares of RICK have increased 43.8% in the past year.

The Zacks Consensus Estimate for International Game Technology’s 2022 earnings is pegged at $1.90 per share, rising 131.7 in the past 60 days.

International Game Technology’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 115.8%. Shares of IGT have increased 50.2% in the past year.

The Zacks Consensus Estimate for Arista Networks 2022 earnings is pegged at $4.37 per share, up 8.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 17.5%.

Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 12.7%. Shares of ANET have jumped 9.2% in the past year.

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International Game Technology (IGT) : Free Stock Analysis Report

Sonos, Inc. (SONO) : Free Stock Analysis Report

RCI Hospitality Holdings, Inc. (RICK) : Free Stock Analysis Report

Arista Networks, Inc. (ANET) : Free Stock Analysis Report

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