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
The Zacks Analyst Blog Highlights: Sleep Number, Winnebago Industries, Hibbett Sports, Sprouts Farmers Market and Monster Beverage
Pete Najarian shared with the viewers of CNBC’s “Fast Money” his bullish view on Sleep Number Corp (NASDAQ: SNBR). He said the CEO, Shelly Ibach, has done a magnificent job navigating this company for a number of years.The company has $200 million of free cash flow on a $2 billion market cap and it also has gross margins that are above 60%, said Najarian. He finds that impressive and he likes the fundamental side of the story.The revenue growth is about 12% and the earnings growth is about 13% and the company bought back just about 50% of its outstanding shares, said Najarian. He thinks management is doing everything right and he believes the stock is going higher.Sleep Number’s stock traded higher by 6.5% to $97.46 at publication time.See more from Benzinga * Click here for options trades from Benzinga * Cramer Advises Viewers On Halliburton, Churchill Capital Corp IV And More * Jeff Kilburg’s Crude Oil Futures Trade(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Here we discuss five top-ranked stocks – SFM, MNST, HIBB, SNBR, and WGO – that are lucrative bets as Americans adapt to an active lifestyle and look to commit to their new year resolutions in 2021.
Sleep Number (SNBR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).
Zacks Industry Outlook Highlights: Leggett & Platt, Bassett Furniture, American Woodmark, La-Z-Boy and Sleep Number
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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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