Earnings and Growth Analysis : Sleep Number (NASDAQ:SNBR)

Earnings results for Sleep Number (NASDAQ:SNBR)

Sleep Number Corporation is estimated to report earnings on 10/13/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.43. The reported EPS for the same quarter last year was $1.79.

Sleep Number last issued its earnings results on July 19th, 2021. The reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by $0.29. The firm earned $484.32 million during the quarter, compared to analysts’ expectations of $506.25 million. Its revenue was up 70.0% compared to the same quarter last year. Sleep Number has generated $4.90 earnings per share over the last year ($7.37 diluted earnings per share) and currently has a price-to-earnings ratio of 12.5. Earnings for Sleep Number are expected to grow by 2.61% in the coming year, from $7.28 to $7.47 per share. Sleep Number has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, October 13th, 2021 based off prior year’s report dates.

Analyst Opinion on Sleep Number (NASDAQ:SNBR)

According to the issued ratings of 5 analysts in the last year, the consensus rating for Sleep Number stock is Hold based on the current 1 sell rating, 2 hold ratings and 2 buy ratings for SNBR. The average twelve-month price target for Sleep Number is $122.00 with a high price target of $135.00 and a low price target of $88.00.

on SNBR’s analyst rating history

Sleep Number has received a consensus rating of Hold. The company’s average rating score is 2.20, and is based on 2 buy ratings, 2 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $122.00, Sleep Number has a forecasted upside of 31.9% from its current price of $92.48. Sleep Number has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Sleep Number (NASDAQ:SNBR)

Sleep Number does not currently pay a dividend. Sleep Number does not have a long track record of dividend growth.

Insiders buying/selling: Sleep Number (NASDAQ:SNBR)

In the past three months, Sleep Number insiders have not sold or bought any company stock. Only 5.70% of the stock of Sleep Number is held by insiders. 95.81% of the stock of Sleep Number is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Sleep Number (NASDAQ:SNBR

Earnings for Sleep Number are expected to grow by 2.61% in the coming year, from $7.28 to $7.47 per share. The P/E ratio of Sleep Number is 12.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.66. The P/E ratio of Sleep Number is 12.55, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 21.31. Sleep Number has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.

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