Bowlero (NYSE:BOWL) Releases Earnings Results, Beats Estimates By $0.30 EPS

Bowlero (NYSE:BOWL) announced its earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.30, Zacks reports. Bowlero had a negative net margin of 7.24% and a negative return on equity of 5.36%. The company had revenue of $260.20 million for the quarter, compared to analyst estimates of $249.42 million. During the same period in the prior year, the business earned ($0.10) earnings per share. Bowlero updated its FY 2025 guidance to EPS.

Bowlero Stock Performance

NYSE:BOWL traded up $1.53 during trading hours on Tuesday, hitting $11.91. The stock had a trading volume of 1,247,725 shares, compared to its average volume of 810,382. Bowlero has a one year low of $8.85 and a one year high of $15.47. The company has a market cap of $1.76 billion, a price-to-earnings ratio of -18.00 and a beta of 0.62. The business’s 50 day moving average is $11.47 and its 200-day moving average is $12.17.

Analyst Ratings Changes

BOWL has been the topic of a number of research reports. Piper Sandler initiated coverage on shares of Bowlero in a research report on Monday, October 28th. They set a “neutral” rating and a $12.00 target price on the stock. Royal Bank of Canada upgraded shares of Bowlero to a “moderate buy” rating in a research report on Thursday, October 3rd. B. Riley reiterated a “buy” rating and set a $17.00 target price on shares of Bowlero in a research report on Tuesday, September 3rd. Canaccord Genuity Group reissued a “buy” rating and set a $18.00 price target on shares of Bowlero in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Bowlero from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Bowlero has a consensus rating of “Moderate Buy” and a consensus target price of $15.88.

Bowlero Company Profile

Bowlero Corp. operates bowling entertainment centers under the AMF, Bowlmor Lanes, and Bowlero brand names. The company also provides hosting and overseeing professional and non-professional bowling tournaments and related broadcasting. It operates bowling centers in the United States, Mexico, and Canada.