Sleep Number Corp reports results for the quarter ended June 30 - Earnings Summary

• Sleep Number Corp SNBR.OQ reported a quarterly adjusted loss of $1.09​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -22 cents. The mean expectation of four analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -19 cents tozero cents per share.

• Revenue fell 19.7% to $327.93 million from a year ago; analysts expected $357.42 million.

• Sleep Number Corp's reported EPS for the quarter was a loss of $1.09​.

• The company reported a quarterly loss of $25.01 million.

• Sleep Number Corp shares had risen by 20.8% this quarter and lost 46.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the home furnishings peer group is "buy."

• Wall Street's median 12-month price target for Sleep Number Corp is $6.50, about 25.5% below its last closing price of $8.16

This summary was machine generated from LSEG data July 30 at 01:30 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)