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

Sleep Number

24/04/2024 22:01

* Sleep Number Corp  SNBR.OQ  reported a quarterly adjusted
loss
of 33 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 51 cents.  The mean expectation of five analysts for the
quarter was for a loss of 22 cents per share. Wall Street
expected results to range from -54 cents to 16 cents per share.
    * Revenue fell 10.7% to $470.45 million from a year ago;
analysts
expected $474.28 million. 
    * Sleep Number Corp's reported EPS for the quarter was a
loss
of 33 cents​.
    * The company reported a quarterly loss of $7.48 million.
    * Sleep Number Corp shares had fallen by 8.9% this
quarter and
lost 1.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 151.6% 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 April 24 at
09:01 p.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
 Mar. 31 2024      -0.22          -0.33          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