SLEEP NUMBER (SNBR)
EARNINGS RELEASE - JULY 15 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.80/share REV: 216.3/M
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LAST QTR: EPS: .72/share ACTUAL: 1.36/share (BEAT)
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NEXT QTR: EPS: .23/share REV: 375.36/M
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FULL YR: EPS: 1.53/Share REV: 1,500/M
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BEAT/MISS RECORD: 68% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 34.11, 7.9, 6.7
EXPECTED JUMP MOVE THIS QUARTER: 15%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Image source: The Motley Fool. Sleep Number Corp (NASDAQ: SNBR)Q1 2021 Earnings CallApr 21, 2021, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorWelcome to Sleep Number’s Q1 2021 earnings conference call.
Sleep Number (SNBR) delivered earnings and revenue surprises of 40.22% and -1.07%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Shares of Sleep Number Corp. fell in the extended session Wednesday after the retailer reported first-quarter earnings above Wall Street expectation and raised its guidance, but mentioned a supply snag that hit its sales in the quarter. Sleep Number said it earned $66.6 million, or $2.51 a share, in the quarter, compared with $39.1 million, or $1.36 a share, in the year-ago quarter. Sales rose 20% to $568 million, and same-store sales rose 20%, Sleep Number said. More than $50 million worth of deliveries, or about two weeks, shifted out of the quarter due to “temporary” foam supply constraints, the company said. Analysts polled by FactSet expected EPS of $1.83 on sales of $580 million. Sleep Number raised its full-year 2021 EPS outlook to at least $6.50, compared with a prior outlook of at least $6. The stock ended the regular trading session up 4.2%.
Sleep Number Corporation (Nasdaq: SNBR) today reported results for the quarter ended April 3, 2021.
Sleep Number (SNBR) is benefiting from robust performance of 360 smart beds and integrated business model. However, supply chain disruptions caused by the coronavirus pandemic are risks.
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Avg Daily Volume: 622,224 Market Cap: 1.29B
Sector: None Short Interest: 23.5
Ticker delayed 20 minutes
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