Recap: Sleep Number Q1 Earnings - Sleep Number (NASDAQ:SNBR)

Sleep Number SNBR reported its Q1 earnings results on Wednesday, April 20, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Sleep Number missed estimated earnings by 74.29%, reporting an EPS of $0.09 versus an estimate of $0.35.

Revenue was down $59.13 million from the same period last year.

Last quarter the company missed on EPS by $1.12 which was followed by a 1.9% drop in the share price the next day.

Here's a look at Sleep Number's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	1.59	1.48	1.07	1.83
EPS Actual	0.47	2.22	0.88	2.51
Revenue Estimate	601.20M	564.59M	503.85M	580.16M
Revenue Actual	491.98M	640.39M	484.32M	586.26M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Sleep Number management provided guidance for FY 2022, expecting earnings between $5.0 and $6.0 per share.

To track all earnings releases for Sleep Number visit their earnings calendar here..

This article was generated by Benzinga's automated content engine and reviewed by an editor.