Tempur Sealy Intl Q3 Adj. EPS $0.77 Misses $0.81 Estimate, Sales $1.28B Miss $1.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tempur Sealy Intl (NYSE:TPX) reported Q3 earnings of $0.77 per share, missing the analyst consensus estimate of $0.81 by 4.94%. The company also reported quarterly sales of $1.28 billion, missing the analyst consensus estimate of $1.31 billion by 2.52%. Both earnings and sales have decreased compared to the same period last year.
November 02, 2023 | 10:42 am
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NEGATIVE IMPACT
Tempur Sealy Intl's Q3 earnings and sales missed analyst estimates, which could negatively impact the company's stock price in the short term.
Companies that miss analyst estimates typically see a negative impact on their stock price as it indicates that the company is not performing as well as expected. In this case, Tempur Sealy Intl not only missed earnings estimates but also sales estimates, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100