Sleep Number Corp expected to post a loss of 37 cents a share - Earnings Preview

Sleep Number

29/07/2024 23:37

* Sleep Number Corp  SNBR.OQ   SNBR.O  is expected to show a
fall
in quarterly revenue when it reports  results on July 31 for the
period ending June 30 2024
    * The Minneapolis Minnesota-based  company is expected to
report a
9.5% decrease in revenue to $415.039 million from $458.79
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on April 24
2024, for the period ended June 30, was for revenue between
$417.50 million and $426.67 million. (Sales/Revenue Majority
Basis is on Net Sales)
    * ​LSEG's mean analyst estimate for Sleep Number Corp is for
a
loss of 37 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 $13.00​, above​ its last closing price of $10.78. ​​​

The company's guidance on April 24 2024 for the period ended
June 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD417.49799 million and USD25
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  
 Jan. 1 0001   -0.28       -0.22      -0.33     Missed  -48.6
 Dec. 31 0001  -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        0.30       0.03      Missed  314.3
 ​​Mar.        0.35        0.30       0.51      Beat    68.9
 31 2023                                                
 Jan. 1 0001   -0.24       -0.22      -0.24     Missed  -11.1​
 Jan. 1 0001   0.08        0.06       0.22      Beat    279.3
 Jun. 30 2022  0.55        0.62       1.54      Beat    150
 This summary was machine generated July 29 at 22:37 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)