Sleep Number (NASDAQ:SNBR) reported its Q1 earnings results on Wednesday, April 20, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Sleep Number missed estimated earnings by 74.29%, reporting an EPS of $0.09 versus an estimate of $0.35.
Revenue was down $59.13 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $1.12 which was followed by a 1.9% drop in the share price the next day.
Here's a look at Sleep Number's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.59 | 1.48 | 1.07 | 1.83 |
| EPS Actual | 0.47 | 2.22 | 0.88 | 2.51 |
| Revenue Estimate | 601.20M | 564.59M | 503.85M | 580.16M |
| Revenue Actual | 491.98M | 640.39M | 484.32M | 586.26M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Sleep Number management provided guidance for FY 2022, expecting earnings between $5.0 and $6.0 per share.
To track all earnings releases for Sleep Number visit their earnings calendar here..
This article was generated by Benzinga's automated content engine and reviewed by an editor.
