Sleep Number Corp expected to post a loss of 22 cents a share - Earnings Preview

Sleep Number

23/04/2024 24:06

* Sleep Number Corp  SNBR.OQ   SNBR.O  is expected to show a
fall
in quarterly revenue when it reports  results on April 24 for
the period ending March 31 2024
    * The Minneapolis Minnesota-based  company is expected to
report a
9.9% decrease in revenue to $474.278 million from $526.53
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on February
22 2024, for the period ended March 31, was for revenue of
$473.874 million. (Sales/Revenue Majority Basis is on Net Sales)
    * ​LSEG's mean analyst estimate for Sleep Number Corp is for
a
loss of 22 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sleep
Number Corp
is $12.00​, below​ its last closing price of $13.21. ​​​

The company's guidance on February 22 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of of USD30 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.88       -0.88      -1.12     Missed  -27.6
 Sep. 30 2023  0.17        0.17       -0.10     Missed  -158.8
 Jun. 30 2023  0.01        -0.01      0.03      Beat    314.3​
 Mar. 31 2023  0.35        0.30       0.51      Beat    68.9
 ​​Dec.        -0.24       -0.22      -0.24     Missed  -11.1
 31 2022                                                
 Sep. 30 2022  0.08        0.06       0.22      Beat    279.3​
 Jun. 30 2022  0.55        0.62       1.54      Beat    150
 Mar. 31 2022  0.32        0.33       0.09      Missed  -72.6
 This summary was machine generated April 22 at 23:06 GMT.  All
figures in US 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)