Sleep Number Corp reports results for the quarter ended in December - Earnings Summary

Sleep Number

23/02/2024 03:07

* Sleep Number Corp  SNBR.OQ  reported a quarterly adjusted
loss
of $1.12​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -24 cents.  The mean expectation of five analysts for the
quarter was for a loss of 88 cents per share. Wall Street
expected results to range from $-1.12 to -79 cents per share.
    * Revenue fell 13.7% to $429.52 million from a year ago;
analysts
expected $420.78 million. 
    * Sleep Number Corp's reported EPS for the quarter was a
loss of
$1.12​.
    * The company reported a quarterly loss of $25.19 million.
    * Sleep Number Corp shares had fallen by 22.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the home
furnishings
peer group is also "hold"

Wall Street's median 12-month price target for Sleep Number Corp
is $12.00 
This summary was machine generated from LSEG data February 23 at
03:06 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.88          -1.12          Missed
 Sep. 30 2023      0.17           -0.10          Missed
 Jun. 30 2023      -0.01          0.03           Beat
 Mar. 31 2023      0.30           0.51           Beat