Somnigroup International Inc reports results for the quarter ended March 31 - Earnings Summary

• Somnigroup International Inc SGI.N reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of twelve analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 43 cents to 52 cents per share.

• Revenue rose 34.9% to $1.60 billion from a year ago; analysts expected $1.63 billion.

• Somnigroup International Inc's reported EPS for the quarter was a loss of 17 cents​.

• The company reported a quarterly loss of $33.1 million.

• Somnigroup International Inc shares had risen by 1.2% this quarter and gained 6.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17.2% 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 "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the home furnishings peer group is also "buy"

• Wall Street's median 12-month price target for Somnigroup International Inc is $74.50

This summary was machine generated from LSEG data May 8 at 01:32 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)