Somnigroup International Inc reports results for the quarter ended June 30 - Earnings Summary

• Somnigroup International Inc SGI.N reported quarterly adjusted earnings of 53 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 63 cents. The mean expectation of nine analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 49 cents to 54 cents per share.

• Revenue rose 52.5% to $1.88 billion from a year ago; analysts expected $1.89 billion.

• Somnigroup International Inc's reported EPS for the quarter was 47 cents​.

• The company reported quarterly net income of $99 million.

• Somnigroup International Inc shares had risen by 8.2% this quarter and gained 29.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13% 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 7 "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 $76.00, about 3.1% above its last closing price of $73.64

This summary was machine generated from LSEG data August 7 at 04:46 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)