Sleep Number (NASDAQ:SNBR) Releases FY20 Earnings Guidance

Sleep Number (NASDAQ:SNBR) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.00 for the period, compared to the Thomson Reuters consensus estimate of $2.78. The company issued revenue guidance of $1.82-1.83 billion, compared to the consensus revenue estimate of $1.75 billion.Sleep Number also updated its FY 2020
After-Hours guidance to 4.00-4.00 EPS.

Several brokerages recently issued reports on SNBR. Piper Sandler increased their price objective on Sleep Number from $65.00 to $70.00 and gave the stock an overweight rating in a research note on Thursday, July 16th. Wedbush reissued a neutral rating on shares of Sleep Number in a research note on Monday. TheStreet downgraded Sleep Number from a b- rating to a c+ rating in a research note on Tuesday, September 8th. BidaskClub downgraded Sleep Number from a buy rating to a hold rating in a research note on Thursday, October 1st. Finally, Zacks Investment Research downgraded Sleep Number from a strong-buy rating to a sell rating in a research note on Wednesday, September 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $46.71.

Shares of SNBR traded down $1.45 during midday trading on Wednesday, reaching $58.17. 1,153,923 shares of the stock were exchanged, compared to its average volume of 537,910. Sleep Number has a 12-month low of $15.27 and a 12-month high of $61.40. The firm has a 50 day simple moving average of $49.02 and a 200-day simple moving average of $39.88. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 1.60 and a beta of 2.22.

Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings data on Wednesday, July 15th. The company reported ($0.45) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.67) by $0.22. Sleep Number had a negative return on equity of 48.94% and a net margin of 4.70%. The business had revenue of $284.94 million for the quarter, compared to the consensus estimate of $233.80 million. During the same period last year, the business earned $0.14 EPS. The firm’s revenue was down 20.0% compared to the same quarter last year. As a group, sell-side analysts predict that Sleep Number will post 2.77 earnings per share for the current year.

Sleep Number Company Profile

Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.

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Earnings History and Estimates for Sleep Number (NASDAQ:SNBR)

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Sleep Number (NASDAQ:SNBR) Releases FY20 Earnings Guidance

Sleep Number (NASDAQ:SNBR) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.00 for the period, compared to the Thomson Reuters consensus estimate of $2.78. The company issued revenue guidance of $1.82-1.83 billion, compared to the consensus revenue estimate of $1.75 billion.Sleep Number also updated its FY 2020
After-Hours guidance to 4.00-4.00 EPS.

Several brokerages recently issued reports on SNBR. Zacks Investment Research downgraded Sleep Number from a strong-buy rating to a sell rating in a research note on Wednesday, September 16th. ValuEngine raised Sleep Number from a sell rating to a hold rating in a research note on Friday, October 2nd. Wedbush reissued a neutral rating on shares of Sleep Number in a research note on Monday. TheStreet downgraded Sleep Number from a b- rating to a c+ rating in a research note on Tuesday, September 8th. Finally, Raymond James reaffirmed a hold rating on shares of Sleep Number in a research note on Thursday, July 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $46.71.

Shares of SNBR traded down $1.45 during midday trading on Wednesday, reaching $58.17. 1,153,923 shares of the stock were exchanged, compared to its average volume of 537,910. Sleep Number has a 12-month low of $15.27 and a 12-month high of $61.40. The firm has a 50 day simple moving average of $49.02 and a 200-day simple moving average of $39.88. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 1.60 and a beta of 2.22.

Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings data on Wednesday, July 15th. The company reported ($0.45) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.67) by $0.22. Sleep Number had a negative return on equity of 48.94% and a net margin of 4.70%. The business had revenue of $284.94 million for the quarter, compared to the consensus estimate of $233.80 million. During the same period last year, the business earned $0.14 EPS. The firm’s revenue was down 20.0% compared to the same quarter last year. As a group, sell-side analysts predict that Sleep Number will post 2.77 earnings per share for the current year.

Sleep Number Company Profile

Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.

Featured Story: How to Profit and Limit Losses With Stop Orders

Earnings History and Estimates for Sleep Number (NASDAQ:SNBR)

Receive News & Ratings for Sleep Number Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Number and related companies with MarketBeat.com's FREE daily email newsletter.



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