Market Overview

Mattress Firm Expected To Deliver Double-Digit Growth

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Mattress Firm Holding Corp (NASDAQ: MFRM) is scheudled to release its first quarter earnings after Tuesday's bell.

The company’s earnings respond to some sort of cycle: peak in the third quarter each year, fall substantially on the fourth quarter, then recuperating in the second quarter of the next year.

Expectations for the current quarter a relatively low. According to Estimize, the Street anticipates earnings of $0.38 per share on revenue of $555.92 million. This estimate implies a 22.5 percent year-over-year increase in earnings, and a 66.9 percent surge in sales.

The second chart illustrates the evolution of sentiment over time. The Street’s consensus has been falling consistently since late-February, when it stood at $0.46 per share, to current levels, 21 percent below this estimate.

Analyst Ratings

Several major Wall Street research firms have weighed in on Mattress Firm recently. Last week, UBS reiterated a Buy rating, accompanied by a $68.00 price target.

About a month ago, analysts at Piper Jaffray downgraded the shares from Overweight to Neutral, trimming their price target from $77.00 to $62.00.

Wedbush initiated coverage this quarter with an Outperform rating and a $71.00 price target.

Barclays maintained an Overweight rating and a $74.00 price target. Citigroup rates the stock a Buy, and set a $76.00 price target in late March.

Latest Ratings for MFRM

Sep 2016SunTrust Robinson HumphreyMaintainsNeutral
Aug 2016Raymond JamesDowngradesMarket PerformUnderperform
Aug 2016CitigroupMaintainsNeutral

View More Analyst Ratings for MFRM
View the Latest Analyst Ratings

Posted-In: Barclays Citigroup EstimizePreviews Crowdsourcing Analyst Ratings Trading Ideas General


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