Recap: Sleep Number Q4 Earnings
Portfolio Pulse from Benzinga Insights
Sleep Number (NASDAQ:SNBR) reported Q4 earnings with an EPS of $-0.58, beating estimates by 34.09% but with a revenue decrease of $68.01 million from the previous year. The company had previously missed EPS estimates last quarter, leading to a 29.07% share price drop the following day.
February 22, 2024 | 9:05 pm
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Sleep Number reported a significant beat on Q4 earnings estimates but saw a decrease in revenue compared to last year. Previous earnings miss led to a substantial stock price drop.
While Sleep Number beat EPS estimates significantly, the decrease in revenue and the historical context of how the stock reacted negatively to the last earnings miss suggest a mixed short-term impact. The positive earnings surprise could provide some uplift, but the revenue decline and past performance may temper investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100