SNBR Stock Recent News
SNBR LATEST HEADLINES
Sleep Number shares have gone from the high teens to nearly $40 since the end of May. An analyst boosted his price target this week, but it was just a $6 increase for a Wall Street firm that has a neutral rating on the stock.
Sleep Number Corporation demonstrated resilience amidst economic challenges, expanding its gross margin significantly in 2023, but faces potential overvaluation due to declining operating earnings growth rate and high P/E ratio. Despite uncertainties, the company's innovation-driven approach and strategic product launches present potential opportunities for growth, I recommend a cautious "hold" for the company's stock. The company's declining Operating Earnings Growth Rate and elevated P/E ratio suggest overvaluation, raising concerns about the stock's current price, despite strong Q1 results and gross margin expansion.
Sleep Number's recent financial results were unimpressive, but the stock also hit a 3-year low on the first day of June. Despite its recent gains, the stock trades for just 13 times next year's projected earnings.
The boom and bust mattress business may be cheap right now.
Sleep Number Corporation (SNBR) Q1 2023 Earnings Call Transcript.
Sleep Number (SNBR) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.09 per share a year ago.
The company sees better times ahead in 2023.
Sleep Number Corporation (NASDAQ:SNBR ) Q4 2022 Results Conference Call February 22, 2023 5:00 PM ET Company Participants Dave Schwantes - Vice President-Finance and Investor Relations Shelly Ibach - Chair, President and Chief Executive Officer Chris Krusmark - CFO and Chief Human Resources Officer Conference Call Participants Bobby Griffin - Raymond James Peter Keith - Piper Sandler Brad Thomas - KeyBanc Capital Markets Seth Basham - Wedbush Securities Atul Maheswari - UBS Operator Good day everyone. Welcome to Sleep Number's Q4 and Full Year 2022 Earnings Conference Call.
Sleep Number (SNBR) delivered earnings and revenue surprises of -14.29% and 0.47%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
The company is trading below the fair level, but I do not see catalysts for the growth of shares. Consumer spending in the Furnishing segment continues to be under pressure.