Sleep Country Canada Holdings Inc reports results for the quarter ended in June - Earnings Summary

Sleep Country Canada Holdings

09/08/2024 24:55

* Sleep Country Canada Holdings Inc  ZZZ.TO  reported
quarterly
adjusted earnings of 54 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 42 cents.  The mean expectation of
five analysts for the quarter was for earnings of 36 cents per
share. Wall Street expected results to range from 29 cents to 42
cents per share.
    * Revenue rose 7% to $232.49 million from a year ago;
analysts
expected C$223.40 million. 
    * The company reported quarterly net income of $15.84
million.
    * Sleep Country Canada Holdings Inc shares had risen
by 33.3% this
quarter and gained 35.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the home
furnishings
retailers peer group is also "hold"

Wall Street's median 12-month price target for Sleep Country
Canada Holdings Inc is C$35.00 
This summary was machine generated from LSEG data August 8 at
11:54 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.36           0.54           Beat
 Mar. 31 2024      0.36           0.28           Missed
 Dec. 31 2023      0.53           0.56           Beat
 Sep. 30 2023      0.77           0.76           Missed