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Sleep Number Earnings Preview

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On Wednesday, October 14, Sleep Number (NASDAQ: SNBR) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Earnings and Revenue

Analysts predict Sleep Number will report earnings of $0.93 per share on revenue of $505.75 million. Sleep Number EPS in the same period a year ago totaled $0.94. Revenue was $474.78 million. The analyst consensus estimate would represent a 1.06% decrease in the company's earnings. Sales would be up 6.52% on a year-over-year basis. Sleep Number's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate -0.80 0.72 0.75 0.79
EPS Actual -0.45 1.36 0.82 0.94
Revenue Estimate 216.36 M 433.19 M 426.59 M 462.06 M
Revenue Actual 284.94 M 472.57 M 441.17 M 474.78 M

Stock Performance

Shares of Sleep Number were trading at $57.47 as of October 12. Over the last 52-week period, shares are up 21.88%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Sleep Number is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.sleepnumber.com%2F&eventid=2729332&sessionid=1&key=186DD6EF76E0387AC623ACAD2DA764C6&regTag=&sourcepage=register

 

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