Audio technology Sonos company (NASDAQ:SONO) will be announcing earnings results tomorrow after the bell. Here's what to expect.

Sonos beat analysts' revenue expectations by 4.4% last quarter, reporting revenues of $612.9 million, down 8.9% year on year. It was a solid quarter for the company, with an impressive beat of analysts' earnings estimates and full-year revenue guidance topping analysts' expectations.

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

This quarter, analysts are expecting Sonos's revenue to decline 18.7% year on year to $247.4 million, improving from the 23.9% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.25 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. Sonos has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 5.4% on average.

Looking at Sonos'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.

Inflation fears have put pressure on growth stocks, 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. Sonos is down 3.9% during the same time and is heading into earnings with an average analyst price target of $23.8 (compared to the current share price of $17.38).

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