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Bowlero Corp Cl A Up 0.88% To $12.62 After Earnings Miss

Friday, September 16, 2022 09:39 AM | InvestorsObserver Analysts
Bowlero Corp Cl A Up 0.88% To $12.62 After Earnings Miss

Bowlero Corp (BOWL) missed earnings projections on 9/15/2022 for Q4 2022.

Wall Street earnings per share (EPS) projections for Bowlero Corp Cl A were at $0.04. The company missed those estimates with an EPS of $0.03. The earnings per share of $0.03 (which represents a -25% EPS surprise) led to the company's profits rising 127% compared to last year when the firm reported an EPS loss of $0.11 per share. The increase in Bowlero Corp Cl A's annual growth rate represents how the business is performing well amid recent economic conditions.

Consensus estimates for Bowlero Corp Cl A revenue averaged out to $195.2 million, with the business managing to beat those expectations with reported fourth-quarter revenue of $267.7 million. The $72.5 million (37%) positive revenue surprise led to 68% growth year-over-year as the firm reported revenue of $159.1 million in its year-ago quarter. The higher earnings growth compared to revenue points to Bowlero Corp Cl A improving its profit margin.

The stock is up 0.88% to $12.62 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Bowlero Corp Cl A has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 98, putting Bowlero Corp Cl A in the top 25% of stocks. The firm was recently trading at a 52-week high of $13.3 on September 14, 2022 and set a 52-week low on February 4, 2022 at $6.96.

Bowlero Corp is a media company and also is an operator in bowling centres. It offers bowling, dining, nightlife experience.

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