Sleep Number (NASDAQ:SNBR) Posts Earnings Results, Beats Expectations By $0.22 EPS

Posted by William Tyler on Aug 3rd, 2024

Sleep Number (NASDAQ:SNBR – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.22, Briefing.com reports. The business had revenue of $408.40 million during the quarter, compared to analyst estimates of $415.05 million. The firm’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 EPS.

Sleep Number Stock Down 14.5 %

Shares of SNBR stock traded down $2.05 on Friday, hitting $12.10. The company had a trading volume of 885,675 shares, compared to its average volume of 696,256. The firm has a market cap of $270.19 million, a P/E ratio of -7.96 and a beta of 2.05. The company has a 50-day moving average price of $11.47 and a 200-day moving average price of $12.79. Sleep Number has a twelve month low of $8.13 and a twelve month high of $31.23.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. StockNews.com raised Sleep Number from a “hold” rating to a “buy” rating in a research report on Thursday. Wedbush reissued a “neutral” rating and issued a $13.50 price objective on shares of Sleep Number in a research report on Thursday, April 25th. Piper Sandler lowered their price target on Sleep Number from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, UBS Group lifted their price target on Sleep Number from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th.

Check Out Our Latest Report on SNBR

Sleep Number Company Profile

(Get Free Report)

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.