Sleep Number Corp reports results for the quarter ended March 31 - Earnings Summary

• Sleep Number Corp SNBR.OQ reported a quarterly adjusted loss of 38 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -33 cents. The mean expectation of five analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -27 cents to 16 cents per share.

• Revenue fell 16.4% to $393.26 million from a year ago; analysts expected $397.95 million.

• Sleep Number Corp's reported EPS for the quarter was a loss of 38 cents​.

• The company reported a quarterly loss of $8.65 million.

• Sleep Number Corp shares had risen by 19.7% this quarter and lost 50.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 106.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the home furnishings peer group is also "hold"

• Wall Street's median 12-month price target for Sleep Number Corp is $7.00

This summary was machine generated from LSEG data April 30 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)