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

Sleep Number

27/07/2023 22:02

* Sleep Number Corp  SNBR.OQ  reported quarterly adjusted
earnings
of 3 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss of
one cent per share.
    * Revenue fell 16.4% to $458.79 million from a year ago;
analysts
expected $471.39 million. 
    * Sleep Number Corp's reported EPS for the quarter was 3
cents​.
    * The mean earnings estimate of analysts had risen by
about 80% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Sleep Number Corp shares had risen by 41.9% this
quarter and
gained 49.0% so far this year.
    * The company reported quarterly net income of $754
thousand.
    * Wall Street's median 12-month price target for Sleep
Number Corp
is $33.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.01          0.03           Beat
 Mar. 31 2023      0.30           0.51           Beat
 Dec. 31 2022      -0.22          -0.24          Missed
 Sep. 30 2022      0.06           0.22           Beat