Tempur Sealy International Inc reports results for the quarter ended in March - Earnings Summary
07/05/2024 14:51
* Tempur Sealy International Inc TPX.N reported quarterly
adjusted earnings of 50 cents per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 53 cents. The mean expectation of
eleven analysts for the quarter was for earnings of 48 cents per
share. Wall Street expected results to range from 46 cents to 50
cents per share.
* Revenue fell 1.5% to $1.19 billion from a year ago;
analysts
expected $1.21 billion.
* Tempur Sealy International Inc's reported EPS for the
quarter
was 43 cents.
* The company reported quarterly net income of $76.3
million.
* Tempur Sealy International Inc shares had fallen by 11.8%
this
quarter and lost 1.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 20.3%
in the last three months.
* In the last 30 days, two analysts negatively revised
earnings
estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the home
furnishings
peer group is also "buy"
Wall Street's median 12-month price target for Tempur Sealy
International Inc is $62.00
This summary was machine generated from LSEG data May 7 at 01:51
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 0.48 0.50 Beat
Dec. 31 2023 0.54 0.53 Missed
Sep. 30 2023 0.81 0.77 Missed
Jun. 30 2023 0.56 0.58 Beat