Sleep Number's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Sleep Number (NASDAQ:SNBR) is anticipated to report a Q4 earnings per share (EPS) of $-0.88 on February 22, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows a significant impact of earnings performance on Sleep Number's stock price, with a notable 29.07% drop after last quarter's miss. The stock has been trading at $11.475 as of February 20, down 70.63% over the last 52 weeks, indicating a negative sentiment among long-term shareholders.
February 21, 2024 | 6:01 pm
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NEUTRAL IMPACT
Sleep Number is expected to report a Q4 EPS of -$0.88, with investors closely watching for an earnings beat and positive future guidance. Historical performance shows significant stock price volatility post-earnings announcements.
Given Sleep Number's history of stock price volatility following earnings reports, the upcoming announcement could have a neutral to potentially positive impact if they beat the EPS estimate and provide positive guidance. However, the recent trend of negative shareholder sentiment and the significant drop in share price over the last year suggest caution. The score is neutral due to the uncertainty of the earnings outcome and its potential impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100