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Dolby Laboratories

Dolby Laboratories Inc develops audio and surround sound for cinema, broadcast, home audio systems, in-car entertainment systems, DVD players, games, televisions, and personal computers. The company designs and manufactures audio, imaging, accessibility, and other hardware and software solutions for the cinema, with occasional applications in the television, broadcast, and live entertainment industries. The company operates in the United States and internationally.

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Dolby Laboratories Inc

Rosenblatt analyst Steven Frankel maintains Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) with a Buy and maintains $100 price target.

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Rosenblatt Maintains Buy on Dolby Laboratories, Maintains $100 Price Target

Investor sentiment remained subdued on Wednesday as escalating geopolitical tensions weighed on risk assets ahead of the week&#8217;s most anticipated event: Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) third-quarter earnings report, set to be <a href="https://www.benzinga.com/tech/24/11/42093025/will-nvidia-deliver-a-blowout-beat-in-q3-poll-says-maybe-not-but-over-half-see-stock-clearing-150">released after market close.</a>
The market mood deteriorated further after multiple outlets confirmed Ukraine&#8217;s deployment of U.K.-made Storm Shadow missiles into Russian territory, a day after launching U.S.-supplied ATACMS missiles.
The CBOE Volatility Index (VIX), widely regarded as a barometer of market anxiety, spiked over 9%, underscoring rising apprehension among investors. 
Major U.S. indices were in the red, with the tech-heavy Nasdaq 100 leading losses as technology stocks bore the brunt of the sell-off.
The U.S. dollar resumed its upward trajectory, with the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), a proxy for the greenback&#8217;s strength, climbing 0.7%. Safe-haven demand also bolstered gold, which advanced 0.7%, reflecting investors&#8217; flight to safety.
Meanwhile, natural gas emerged as the standout performer among commodities, surging over 6% on the day.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) defied the risk-off sentiment, climbing over 2% to hit a fresh intraday all-time high of $94,989. This propelled its year-to-date gains to an astonishing 123%. 
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,198.51</td>
<td>-0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,886.96</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,311.30</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,544.18</td>
<td>-0.7%</td>
</tr>
<tr>
<td>CBOE VIX</td>
<td>17.94</td>
<td>9.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.5% to $587.21.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.2% to $432.04.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.6% to $500.28.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.5% to $229.57.</li>
<li>The&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) outperformed, falling 1%. The&nbsp;Consumer Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down 1%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) fell 22% in reaction to a negative earnings report. </li>
<li>Other stocks reacting to earnings included Keysight Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>), up 5.7%; XP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>), down 6%; Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>), up 14%; TJX Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), down 0.3% and Williams-Sonoma Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>), up 30%.</li>
<li>Apart Nvidia, other large-cap tech companies releasing earnings results after the call are Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) and Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>). </li>
</ul>
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<li><a href="https://www.benzinga.com/news/large-cap/24/11/42094649/nvidia-stock-historically-drops-in-december-after-q3-earnings">Nvidia Stock Historically Drops In December After Q3 Earnings</a></li>
</ul>
Photo: Shutterstock

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Barrington Research analyst James Goss maintains Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) with a Outperform and maintains $100 price target.

Barrington Research Maintains Outperform on Dolby Laboratories, Maintains $100 Price Target

U.S. stocks were lower, with the Nasdaq Composite falling more than 200 points on Wednesday.
Shares of Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) rose sharply during Wednesday's session after the company reported <a href="https://www.benzinga.com/quote/WSM/earnings">better-than-expected third-quarter financial results.</a>
The company reported third-quarter adjusted earnings per share of $1.96, beating the analyst consensus of $1.78. Quarterly sales declined by 2.9% year-over-year to $1.8 billion, beating the street view of $1.79 billion. Comparable brand revenue was down 2.9% year-over-year.
Also, the company approved a $1 billion stock repurchase authorization.
Williams-Sonoma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) shares gained 22.7% to $168.48 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Red Cat Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) shares jumped 35.3% to $6.41. Palladyne AI and Red Cat expanded partnership for Teal Drones.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) shares surged 33.3% to $6.12. The company reported third-quarter earnings on Tuesday.</li>
<li>Alpha Teknova, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKNO#NASDAQ">TKNO</a>) rose 18.3% to $7.39.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) gained 18.2% to $4.0701.</li>
<li>Wix.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) gained 14.5% to $210.79 after the company reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance. Also, multiple firms raised their respective price targets on the stock.</li>
<li>ATRenew Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NASDAQ">RERE</a>) gained 13.8% to $2.8000 following third-quarter results.</li>
<li>Global-E Online Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBE#NASDAQ">GLBE</a>) shares rose 10.5% to $47.24 after the company reported better-than-expected quarterly financial results and raised its FY24 revenue outlook.</li>
<li>HUTCHMED (China) Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCM#NASDAQ">HCM</a>) gained 10.1% to $18.44. HUTCHMED announced the appointment of independent non-executive director and member of board committee.</li>
<li>Dolby Laboratories, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) gained 9.9% to $77.96 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued FY25 EPS guidance above estimates.</li>
<li>Bruker Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKR#NASDAQ">BRKR</a>) rose 9.2% to $52.69.</li>
<li>Azenta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZTA#NASDAQ">AZTA</a>) gained 9.2% to $44.68. Flex will replace Azenta in the S&amp;P MidCap 400, and Azenta will replace Envestnet in the S&amp;P SmallCap 600 effective prior to the opening of trading on Monday, Nov. 25.</li>
<li>Alignment Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) gained 6.6% to $11.82.</li>
<li>Flex Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) gained 6.3% to $39.69.</li>
<li>Keysight Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) rose 5.2% to $160.02 after the company reported better-than-expected quarterly financial results. Also, multiple firms raised their respective price targets on the stock.</li>
</ul>
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Intraday Update

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Williams-Sonoma, Wix.com, Dolby Laboratories And Other Big Stocks Moving Higher On Wednesday

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Dolby Laboratories shares are trading higher after Rosenblatt maintained a Buy rating on the stock and raised its price target from $98 to $100.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Macquarie boosted the price target for Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) from $75.4 to $80.8. Macquarie analyst Ellie Jiang maintained an Outperform rating. Trip.com shares closed at $62.74 on Tuesday. <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital increased the price target for Northern Oil and Gas, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>) from $43 to $45. RBC Capital analyst Scott Hanold downgraded the stock from Outperform to Sector Perform. Northern Oil and Gas shares closed at $41.08 on Tuesday. <a href="https://www.benzinga.com/quote/NOG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Chardan Capital raised Arbutus Biopharma Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABUS#NASDAQ">ABUS</a>) price target from $4.5 to $5. Chardan Capital analyst Keay Nakae maintained a Buy rating. Arbutus Biopharma shares settled at $3.49 on Tuesday. <a href="https://www.benzinga.com/quote/ABUS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut Super League Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLE#NASDAQ">SLE</a>) price target from $3 to $2. HC Wainwright &amp; Co. analyst Scott Buck maintained a Buy rating. Super League Enterprise shares closed at $0.6811 on Tuesday. <a href="https://www.benzinga.com/quote/SLE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies slashed AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) price target from $240 to $230. Jefferies analyst Greg Konrad upgraded the stock from Hold to Buy. AeroVironment shares closed at $194.89 on Tuesday.  <a href="https://www.benzinga.com/quote/AVAV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan boosted Energizer Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) price target from $32 to $39. JP Morgan analyst Andrea Teixeira upgraded the stock from Underweight to Neutral. Energizer shares closed at $37.25 on Tuesday. See how other analysts view this stock.</li>
<li>Telsey Advisory Group boosted the price target for Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) from $92 to $100. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating. Walmart shares settled at $86.60 on Tuesday. <a href="https://www.benzinga.com/quote/WMT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt boosted Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) price target from $90 to $100. Rosenblatt analyst Catharine Trebnick maintained a Buy rating. Fortinet shares closed at $90.79 on Tuesday. <a href="https://www.benzinga.com/quote/FTNT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt increased the price target for Dolby Laboratories, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) from $98 to $100. Rosenblatt analyst Steven Frankel maintained a Buy rating. Dolby shares closed at $70.91 on Tuesday. <a href="https://www.benzinga.com/quote/DLB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted Keysight Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) price target from $163 to $180. Baird analyst Richard Eastman maintained an Outperform rating. Fortinet shares closed at $152.13 on Tuesday. <a href="https://www.benzinga.com/quote/KEYS/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/42069785/wall-streets-most-accurate-analysts-weigh-in-on-3-defensive-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields</a></li>
</ul>

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Rosenblatt analyst Steven Frankel maintains Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) with a Buy and raises the price target from $98 to $100.

Rosenblatt Maintains Buy on Dolby Laboratories, Raises Price Target to $100

Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) reported financial results for the fourth quarter of fiscal 2024 after the bell on Tuesday. Here&#8217;s a look at the key metrics <a href="https://www.benzinga.com/pressreleases/24/11/n42074717/dolby-laboratories-reports-fourth-quarter-and-fiscal-year-2024-financial-results">from the quarter</a>.
<ul>
<li>Q4 Revenue: $304.81 million, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $307.94 million</li>
</ul>
<ul>
<li>Q4 Adjusted EPS: 81 cents, versus estimates of 70 cents</li>
</ul>
Dolby said it repurchased approximately 251,000 shares during the quarter. The company had approximately $402 million remaining under its stock repurchase authorization at the quarter&#8217;s end. The company also declared a cash dividend of 33 cents per share payable on Dec. 10 to shareholders of record as of Dec. 3.
&#8220;As we enter fiscal 2025, we have strong momentum with Dolby Atmos and Dolby Vision, our imaging patent portfolio has gotten stronger with the GE Licensing acquisition, and we are excited about our opportunity with Dolby.io, which is well positioned to provide real-time interactive experiences for sports and entertainment,&#8221; said Kevin Yeaman, president and CEO of Dolby.
Don&#8217;t Miss: <a href="https://www.benzinga.com/24/11/42073589/target-q3-earnings-preview-analysts-expect-revenue-eps-growth-attention-may-quickly-turn-to-holiday-quarter">Target Q3 Earnings Preview: Analysts Expect Revenue, EPS Growth As Attention Turns To Holiday Quarter</a>
Outlook: Dolby expects first-quarter revenue to be in the range of $330 million to $360 million versus estimates of $307.94 million. The company anticipates first-quarter earnings of 96 cents to $1.11 per share versus estimates of 70 cents per share.
Dolby sees full-year 2025 revenue in the range of $1.33 billion to $1.39 billion versus estimates of $1.28 billion. The company expects full-year earnings to be between $3.99 and $4.14 per share versus estimates of $3.70 per share. 
Dolby&#8217;s strong forecast appears to be helping push shares higher after hours. The company&#8217;s management team will further discuss the quarter on a call with analysts and investors at 5 p.m. ET.
DLB Price Action: Dolby shares were up 11.06% in after hours, trading at $78.75 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Pixabay.

Earnings

Guidance

Dolby Laboratories Reports Q4 Earnings, Provides Strong Forecast For 2025, Shares Surge

Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is looking for Q1 Adj EPS of $0.96-1.11 vs $0.70 analyst estimate. sees sales of $330.000 million-360.000 million vs $307.94 million estimate.

Dolby Laboratories Sees Q1 Adj EPS $0.96-1.11 vs $0.70 Est; Sees Sales $330.000M-360.000M vs $307.94M Est

Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is looking for FY2025 Adj EPS of $3.99-4.14 vs $3.70 analyst estimate. sees sales of $1.330 billion-1.390 billion vs $1.28 billion estimate.

Dolby Laboratories Sees FY2025 Adj EPS $3.99-4.14 vs $3.70 Est; Sees Sales $1.330B-1.390B vs $1.28B Est

Dolby Laboratories shares are trading higher after the company reported better-than-expected Q4 adjusted EPS results and issued FY25 EPS guidance above estimates.

Dolby is providing the following estimates for the full year of fiscal 2025:
<ul>
<li>Total revenue is expected to range from $1.33 billion to $1.39 billion.</li>
<li>Gross margins are anticipated to be approximately 87% on a GAAP basis and approximately 90% on a non-GAAP basis.</li>
<li>Operating expenses are anticipated to range from $908 million to $918 million on a GAAP basis and from $765 million to $775 million on a non-GAAP basis.</li>
<li>Dolby expects operating margins to be roughly 20% on a GAAP basis and to be roughly 33% on a non-GAAP basis.</li>
<li>Diluted earnings per share is anticipated to range from $2.43 to $2.58 on a GAAP basis and from $3.99 to $4.14 on a non-GAAP basis.</li>
</ul>

Dolby Laboratories Sees FY25 EPS $3.99-$4.14 Vs $3.80 Est.; Revenue $1.33B-$1.39B Vs $1.33B Est.

Dolby is providing the following estimates for its first quarter of fiscal 2025:
<ul>
<li>Total revenue is estimated to range from $330 million to $360 million.</li>
<li>Licensing revenue is estimated to range from $305 million to $335 million.</li>
<li>Gross margins are anticipated to be approximately 87% on a GAAP basis and approximately 90% on a non-GAAP basis.</li>
<li>Operating expenses are anticipated to range from $230 million to $240 million on a GAAP basis and from $190 million to $200 million on a non-GAAP basis.</li>
<li>Effective tax rate is anticipated to be around 20.5% on a GAAP basis and around 18.5% on a non-GAAP basis.</li>
<li>Diluted earnings per share is anticipated to range from $0.53 to $0.68 on a GAAP basis and from $0.96 to $1.11 on a non-GAAP basis.</li>
</ul>

Dolby Laboratories Sees Q1 EPS $0.96-$1.11 Vs $1.09 Est.; Revenue $330M-$360M Vs $337.96M Est.

Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.70 by 15.71 percent. This is a 24.62 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $304.81 million which missed the analyst consensus estimate of $307.94 million by 1.02 percent. This is a 4.90 percent increase over sales of $290.56 million the same period last year.

Earnings Beats

Earnings Misses

Dolby Laboratories Q4 Adj $0.81 Beats $0.70 Estimate, Sales $304.81M Miss $307.94M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Star Equity Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRR#NASDAQ">STRR</a>) is likely to report quarterly loss at $0.32 per share on revenue of $13.15 million. 
• EuroDry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDRY#NASDAQ">EDRY</a>) is projected to report quarterly loss at $0.23 per share on revenue of $19.14 million. 
• S&amp;W Seed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANW#NASDAQ">SANW</a>) is expected to report quarterly loss at $1.40 per share on revenue of $17.00 million. 
• GDS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) is likely to report quarterly loss at $0.21 per share on revenue of $415.42 million. 
• Valvoline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVV#NYSE">VVV</a>) is expected to report quarterly earnings at $0.42 per share on revenue of $432.47 million. 
• Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) is likely to report quarterly earnings at $1.17 per share on revenue of $805.43 million. 
• Jacobs Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) is likely to report quarterly earnings at $1.37 per share on revenue of $3.01 billion. 
• Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) is likely to report quarterly loss at $0.14 per share on revenue of $247.64 million. 
• Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $264.74 million. 
• MYT Netherlands Parent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NYSE">MYTE</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $203.93 million. 
• Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) is expected to report quarterly earnings at $2.82 per share on revenue of $19.94 billion. 
• Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $2.91 billion. 
• Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $435.98 million. 
• Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $167.72 billion. 
• Viking Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) is expected to report quarterly earnings at $0.85 per share on revenue of $1.66 billion. 
• Danimer Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNMR#NYSE">DNMR</a>) is likely to report quarterly loss at $0.20 per share on revenue of $8.57 million. 
• Northern Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $22.50 million. 
• Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is likely to report quarterly earnings at $0.31 per share on revenue of $12.40 million. 
• Futu Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) is expected to report quarterly earnings at $0.97 per share on revenue of $347.63 million. 
• Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $22.80 million. 
• Elbit Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) is likely to report quarterly earnings at $1.86 per share on revenue of $1.61 billion. 
• XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) is estimated to report quarterly loss at $0.27 per share on revenue of $1.38 billion. 
• Amer Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $1.30 billion. 
• Medtronic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) is projected to report quarterly earnings at $1.25 per share on revenue of $8.27 billion. 
• Oaktree Specialty Lending (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCSL#NASDAQ">OCSL</a>) is estimated to report quarterly earnings at $0.56 per share on revenue of $96.90 million. 
<h3>Companies Reporting After The Bell</h3>
• Workhorse Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) is projected to report quarterly loss at $0.82 per share on revenue of $4.68 million. 
• XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $772.20 million. 
• AZEK Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZEK#NYSE">AZEK</a>) is likely to report quarterly earnings at $0.27 per share on revenue of $339.99 million. 
• Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) is estimated to report earnings for its third quarter. 
• Sociedad Quimica Y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.09 billion. 
• StoneX Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNEX#NASDAQ">SNEX</a>) is estimated to report quarterly earnings at $2.05 per share on revenue of $462.98 million. 
• Kore Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORE#NYSE">KORE</a>) is estimated to report quarterly loss at $0.63 per share on revenue of $67.90 million. 
• ReNew Energy Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNW#NASDAQ">RNW</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $313.59 million. 
• Qifu Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) is likely to report quarterly earnings at $1.42 per share on revenue of $588.49 million. 
• Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) is expected to report quarterly earnings at $0.99 per share on revenue of $305.05 million. 
• Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) is likely to report quarterly earnings at $3.55 per share on revenue of $286.49 million. 
• La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $505.98 million. 
• Auna (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUNA#NYSE">AUNA</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $297.67 million. 
• Varex Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VREX#NASDAQ">VREX</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $200.54 million. 
• Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) is likely to report quarterly earnings at $1.57 per share on revenue of $1.26 billion. 
• ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $1.48 billion. 
• Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $307.94 million. 
• Golub Capital BDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBDC#NASDAQ">GBDC</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $234.39 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALLT

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AZEK

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FUTU

GBDC

KORE

MYTE

NTIC

OCSL

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Earnings Scheduled For November 19, 2024

Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is preparing to release its quarterly earnings on Tuesday, 2024-11-19. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Dolby Laboratories to report an earnings per share (EPS) of $0.70.
Anticipation surrounds Dolby Laboratories's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Historical Earnings Performance</h3>
During the last quarter, the company reported an EPS beat by $0.12, leading to a 7.18% drop in the share price on the subsequent day.
Here's a look at Dolby Laboratories's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.59</td>
<td>1.19</td>
<td>0.86</td>
<td>0.53</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.71</td>
<td>1.27</td>
<td>1.01</td>
<td>0.65</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-7.000000000000001%</td>
<td>3.0%</td>
<td>-5.0%</td>
<td>-7.000000000000001%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731942092_0.png" alt="eps graph" />
<h3>Performance of Dolby Laboratories Shares</h3>
Shares of Dolby Laboratories were trading at $71.73 as of November 15. Over the last 52-week period, shares are down 14.65%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<h3>Analyst Observations about Dolby Laboratories</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Dolby Laboratories.
With 1 analyst ratings, Dolby Laboratories has a consensus rating of Outperform. The average one-year price target is $100.0, indicating a potential 39.41% upside.
<h3>Analyzing Ratings Among Peers</h3>
In this comparison, we explore the analyst ratings and average 1-year price targets of OneStream, UiPath and CommVault Systems, three prominent industry players, offering insights into their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Outperform trajectory for OneStream, with an average 1-year price target of $36.0, implying a potential 49.81% downside.</li>
<li>UiPath received a Neutral consensus from analysts, with an average 1-year price target of $15.55, implying a potential 78.32% downside.</li>
<li>CommVault Systems received a Buy consensus from analysts, with an average 1-year price target of $185.67, implying a potential 158.85% upside.</li>
</ul>
<h3>Overview of Peer Analysis</h3>
In the peer analysis summary, key metrics for OneStream, UiPath and CommVault Systems are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dolby Laboratories</td>
<td>Outperform</td>
<td>-3.20%</td>
<td>$253.16M</td>
<td>1.58%</td>
</tr>
<tr>
<td>OneStream</td>
<td>Outperform</td>
<td>20.69%</td>
<td>$64.74M</td>
<td>-80.43%</td>
</tr>
<tr>
<td>UiPath</td>
<td>Neutral</td>
<td>10.07%</td>
<td>$252.93M</td>
<td>-4.46%</td>
</tr>
<tr>
<td>CommVault Systems</td>
<td>Buy</td>
<td>16.06%</td>
<td>$190.42M</td>
<td>5.56%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Dolby Laboratories ranks at the top for Gross Profit and Return on Equity among its peers. It is in the middle for Revenue Growth.
<h3>All You Need to Know About Dolby Laboratories</h3>
Dolby Laboratories Inc develops audio and surround sound for cinema, broadcast, home audio systems, in-car entertainment systems, DVD players, games, televisions, and personal computers. The company generates three fourths of its revenue from licensing its technology to consumer electronics manufacturers around the world. The rest of revenue comes from equipment sales to professional producers and audio engineering services.
<h3>Dolby Laboratories: A Financial Overview</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Decline in Revenue: Over the 3 months period, Dolby Laboratories faced challenges, resulting in a decline of approximately -3.2% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Dolby Laboratories's net margin is impressive, surpassing industry averages. With a net margin of 13.31%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Dolby Laboratories's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.58%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Dolby Laboratories's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.28%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.02.
<a href="https://www.benzinga.com/quote/DLB/earnings">To track all earnings releases for Dolby Laboratories visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dolby Laboratories's Earnings: A Preview

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Dolby Laboratories (DLB) is a powerhouse of innovations and creativity that is powering the entertainment industry across the globe. The company is positioned for robust growth with its elaborate product offerings, recent acquisitions, strategic alliances, and solid financial performance. So, let's determine whether Dolby matches your portfolio rhythm. Read more to find out... Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>) is a leader in immersive entertainment experiences. It creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles.
Dolby has continuously contributed to audio and video technologies and evolutions with its innovations. The company recently introduced its comprehensive range of cloud video products and solutions for real-time interactive streaming, delivering content with minimal delay to create cross-platform and interactive experiences.
Dolby's innovative partnerships help it to pioneer creative segments. Recently, teamed with Jin of 21st-century pop icons BTS in the latest chapter of the "Love More in Dolby" global brand campaign. Jin's new single "I'll Be There" is now available globally in Dolby Atmos. DLB also brought its revolutionary Dolby Atmos&#xAE; sound to live theater for the first time ever through William Shakespeare's King Lear.
Further, the company's recent strategic acquisition of THEO Technologies and GE Licensing, along with its strategic alliance with VIZIO, are enhancing its capabilities and operations and widening its customer reach. Further, the expanding operations will strengthen the company's market position and position it for continued growth.
Kevin Yeaman, President and CEO of Dolby Laboratories, commented, "We are pleased with the progress we made in fiscal 2024. As we enter fiscal 2025, we have strong momentum with Dolby Atmos and Dolby Vision, our imaging patent portfolio has gotten stronger with the GE Licensing acquisition, and we are excited about our opportunity with Dolby.io, which is well positioned to provide real-time interactive experiences for sports and entertainment."
Shares of DLB have surged 6.8% over the past month and 1.6% over the past six months to close the last trading session at $80.25.
Let's look at factors that could influence DLB's performance in the upcoming months.
Positive Recent Developments
On September 13, DLB released a new comprehensive range of cloud video products and solutions supporting real-time interactive streaming. The announcement came soon after DLB's acquisition of THEO Technologies, a leading provider of high-quality video streaming tools.
The company's new range of cloud video streaming products delivers content to create cross-platform, interactive experiences. It is built on DLB's vision to bring experiences to the industry and revolutionize the viewing experience for live events.
On June 6, DLB entered into a definitive agreement to acquire GE Licensing, which owns, maintains, and licenses an extensive portfolio of IP primarily targeting the consumer digital media and electronics sectors. The strategic acquisition bodes well with DLB's operations. It strengthens DLB's licensing businesses and will create opportunities for future growth.
Robust Financials
During the fourth quarter, which ended September 27, 2024, DLB's total revenue increased 4.9% year-over-year to $304.81 million, and its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> was $46.35 million. The company reported gross profit of $270.81 million, up 6.2% from the prior year's period.
Furthermore, non-GAAP net income attributable to DLB amounted to $78.44 million, up 22.7% year-over-year. The company's non-GAAP EPS rose 24.6% from the year-ago value to $0.81. Also, as of September 27, 2024, the company's total assets came in at $3.11 billion compared to $2.98 billion as of September 29, 2023.
Favorable Analyst Estimates
Analysts expect DLB's revenue for the first quarter (ending December 2024) to increase 9.7% year-over-year to $346.15 million. The consensus EPS estimate of $1.05 for the ongoing quarter reflects a 4.3% year-over-year improvement. Furthermore, DLB has an impressive earnings surprise history, having topped the consensus EPS estimates in each of the trailing four quarters.
For the fiscal year ending September 2025, the company's revenue and EPS are expected to grow 6.4% and 7.1% year-over-year to $1.36 billion and $4.06, respectively. Additionally, Street expects its revenue and EPS for the fiscal year 2026 to increase 4.5% and 7% year-over-year to $1.42 billion and $4.35, respectively.
High Profitability
DLB's trailing-12-month gross profit margin of 88.97% is 77.1% higher than the industry average of 50.24%. The stock's trailing-12-month EBIT margin of 21.28% is significantly higher than the industry average of 5.41%. Also, its trailing-12-month net income margin of 20.56% is 427.7% higher than the industry average of 3.90%.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 10.84%, 6.84%, and 8.42% are favorable compared to the industry averages of 4.18%, 3.21%, and 2.02%, respectively.
POWR Ratings Reflect Promise
DLB's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. DLB has an A grade for Sentiment, which is in sync with its optimistic analysts' expectations.
In addition, the stock also has an A grade for Quality, consistent with its higher-than-industry profitability.
DLB is ranked #3 in the 41-stock <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry.
Beyond what I have stated above, we have also given DLB grades for Value, Growth, Momentum, and Stability. Get access to all the DLB Ratings <a href="https://stocknews.com/stock/DLB/">here</a>.
Bottom Line
DLB is a market leader in the entertainment experiences segment, revolutionizing movies, TV shows, apps, music, sports, and gaming. The company's latest technological innovations, strategic acquisitions, and collaborations are strengthening its prospects and market position.
Given DLB's solid financials, accelerating profitability, and promising analysts' estimates, this stock could be an ideal buy now.
How Does Dolby Laboratories, Inc. (DLB) Stack Up Against Its Peers?
While DLB has an overall POWR Rating of A, investors could also check out these other stocks within the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry with A (Strong Buy) or B (Buy) ratings: Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>), Fuji Electric Co., Ltd. (<a href="https://stocknews.com/stock/FELTY/">FELTY</a>), and Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>).
For exploring more A and B-rated technology - Electronics stocks, <a href="https://stocknews.com/category/technology-electronics/">click here</a>.
What To Do Next?
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<hr />
DLB shares were trading at $79.01 per share on Friday afternoon, down $1.24 (-1.55%). Year-to-date, DLB has declined -6.87%, versus a 28.35% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/dlb-brthy-felty-ueic-is-dolby-laboratories-innovation-in-audio-technology-a-buy-signal/>Is Dolby Laboratories' Innovation in Audio Technology a Buy Signal?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Dolby Laboratories' Innovation in Audio Technology a Buy Signal?

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Audio technology is evolving at a rapid pace with growing investments in cutting-edge technologies and innovations. Dolby Laboratories (DLB) stands at the forefront of the segment and is poised to benefit significantly. So, let's analyze DLB to understand whether its a sound investment today. Read on to know more... Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>) is a global leader in immersive entertainment. The company specializes in noise reduction, encoding/compression, spatial audio, and HDR imaging.
Dolby has revolutionized audio technologies through the years and is well-known for its wide offerings across the globe. The company's products and innovations are a preferred choice of various leading companies worldwide. DLB's innovations are actively incorporated into devices and equipment to enhance their features, creating unprecedented avenues.
DLB concluded a successful and prosperous financial year on September 27, 2024, with remarkable revenue and net income growth in the fourth quarter. During the year, Dolby emphasized operational efficiency and expansion. It closed the acquisition of GE Licensing and expects gradual margin and non-GAAP earning growth in fiscal 2025, along with a strengthened position in imaging patents.
The company also acquired THEO Technologies, expanding Dolby.io's ability to offer customers the best solutions for real-time streaming experiences. This acquisition also resulted in the launch of a comprehensive range of cloud video products and solutions. Such capability expansion will contribute to its future prospects and accelerate new developments.
Further, the company's strategic collaboration and technology incorporation with leaders like Apple and Xiaomi continue solidifying its market position. Recently, Dolby also added two new automotive partners, WEY, a Chinese car company, and Smart, a JV between Mercedes and Geely, bringing its automotive OEM partners to over 20 supporting Dolby Atmos, which was 10 partners one year ago.
For fiscal 2025, Dolby's prospects appear promising, with strong momentum in Dolby Atmos and Dolby Vision, its imaging patent portfolio. The recent acquisitions will accelerate its opportunities in diverse segments and will cater to a wider audience with its continuous investment in audio technology.
Given its strong financial health and ongoing expansion, DLB appears poised for continued growth. Shares of DLB gained 2.3% over the past month and 9.4% over the past three months to close the last trading session at $80.99.
Let's look at factors that could influence DLB's performance in the upcoming months.
Positive Recent Developments
On September 13, 2024, DLB launched a comprehensive range of cloud video products and solutions supporting real-time interactive streaming in association with THEO Technologies, a leading provider of high-quality video streaming tools. THEO Technologies was acquired by DLB in 2024, expanding its ability to deliver more interactive and personalized live experiences with extremely low latency.
The company's new capabilities include THEOads, introduced on the same day. THEOads is a pioneering ad insertion capability that enhances the quality, flexibility, and targeting of advertising within THEOplayer.
Further, in June 2024, DLB also acquired GE Licensing, which owns, maintains, and licenses an extensive portfolio of IP primarily targeting the consumer digital media and electronics sectors. The strategic acquisition strengthened DLB's licensing businesses and is likely to create further growth opportunities.
Solid Financials
For the fourth quarter ended on September 27, 2024, DLB's total revenue increased 4.9% year-over-year to $304.81 million, of which its Licensing revenue rose 6.6% year-over-year to $282.71 million. The company reported <a href="https://www.investopedia.com/terms/g/grossprofit.asp">a gross profit</a> of $270.81 million, indicating a 6.2% increase from the prior year's quarter.
Furthermore, non-GAAP net income attributable to DLB totaled $78.44 million, up 22.7% year-over-year. The company's non-GAAP EPS grew 24.6% from the year-ago value to $0.81. Also, as of September 27, 2024, the company's total assets stood at $3.11 billion versus $2.98 billion as of September 29, 2023.
Buoyed by its strong financial performance in 2024, Dolby provided estimates for the first quarter and full fiscal year 2025. It expects total revenue to range from $330 million to $360 million, and its licensing revenue is estimated to range from $305 million to $335 million for the first quarter. The company also projects non-GAAP EPS of $0.96 - $1.11 over the same quarter.
For the full year 2025, Dolby's total revenue is estimated at $1.33 billion to $1.39 billion. Further, it also expects EPS between $3.99 and $4.14 on a non-GAAP basis.
Favorable Analyst Estimates
Analysts expect DLB's revenue for the first quarter (ended December 2024) to come in at $346.15 million, indicating an increase of 9.7% year-over-year. The consensus EPS estimate of $1.05 for the same period reflects a 4.3% year-over-year improvement. Moreover, the company topped consensus EPS estimates in all four trailing quarters, which is remarkable.
For the fiscal year (ending September 2025), the company's revenue and EPS are anticipated to grow 6.4% and 7.1% year-over-year to $1.36 billion and $4.06, respectively. In addition, Street expects its revenue and EPS for the fiscal year 2026 to grow 4.5% and 7% from the prior year to $1.42 billion and $4.35, respectively.
High Profitability
DLB's trailing-12-month EBIT margin of 20.78% is 288.5% higher than the 5.35% industry average. Its trailing-12-month net income margin of 20.56% is significantly higher than the industry average of 3.80%. Likewise, the stock's trailing-12-month gross profit margin of 88.97% is 76% higher than the industry average of 50.55%.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 10.84%, 6.68%, and 8.42% are higher than the 4.22%, 3.14%, and 1.98% industry averages, respectively.
POWR Ratings Reflect Promise
DLB's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. DLB has an A grade for Sentiment, which is consistent with its optimistic analyst estimates. The stock also has an A grade for Quality, which is in sync with its higher profitability relative to its peers.
DLB is ranked #2 among the 40 stocks in the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry.
Beyond what I have stated above, we have also given DLB grades for Stability, Growth, Momentum, and Value. Get access to all the DLB ratings <a href="https://stocknews.com/stock/DLB/">here</a>.
Bottom Line
DLB is a leader in the audio technology segment, dominating the global market. The company's diverse, innovative solutions, strategic acquisitions, and new developments are driving its growth and solid expansion.
Also, increasing investments in cutting-edge technology solutions and rapid technological advances like 4K, 8K, and immersive audio formats are boosting demand for new devices. Such industry evolution will benefit DLB, strengthening the company's future profitability and opportunities.
Thus, it could be prudent to invest in this stock amid favorable industry trends, strong financial performance, accelerating profitability, and dominating market position.
How Does Dolby Laboratories, Inc. (DLB) Stack Up Against Its Peers?
While DLB has an overall POWR Rating of A, investors could also check out these other stocks within the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry with A (Strong Buy) or B (Buy) ratings: Fuji Electric Co., Ltd. (<a href="https://stocknews.com/stock/FELTY/">FELTY</a>), Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>), and Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>).
For exploring more A and B-rated technology stocks, <a href="https://stocknews.com/category/technology-electronics/">click here</a>.
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DLB shares were unchanged in after-hours trading Friday. Year-to-date, DLB has gained 4.06%, versus a 1.96% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/dlb-felty-brthy-ueic-is-dolby-laboratories-a-sound-investment-in-audio-technology/>Is Dolby Laboratories a Sound Investment in Audio Technology?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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