Sleep Number will announce its second quarter results on July 20th
Sleep Number Corporation (NASDAQ: SNBR) is an American manufacturer of intelligent beds. SNBR produces beds under the Sleep Number and Comfortaire brands as well as foundations and bed accessories. Sleep Number’s smart beds are based on science and sleep sessions gathered from real sleep data. This morning the SNBR last rose 0.2% to $ 114.26.
Last week, Sleep Number announced that it would release its financial results for the second quarter of 2021 after the market closed on Tuesday, July 20. Sleep Number has beat earnings expectations in all four of its most recent earnings reports, attempting to beat current analysts’ estimates of earnings per share (EPS) of $ 1.07 for the second quarter of 2021 next week.
Let’s take a quick look back at the details of SNBR’s four-in-a-row sweep in the prize box. For the second quarter of 2020, Sleep Number beat analyst estimates by a margin of $ 0.22 and reported earnings per share of $ -0.45. In the third quarter of 2020, SNBR earnings per share rose to $ 1.79, beating expectations by $ 0.73. For the fourth quarter of 2020, Sleep Number posted another earnings surge to $ 2.19 per share, beating estimates by a margin of $ 0.75. For the first quarter of 2021, Sleep Number reported an increase in earnings per share of $ 2.51, beating expectations with a margin of $ 0.68.
Sleep Number stock is up about 112% year over year and is 170% above its September low of $ 42.15. Additionally, SNBR stocks are up 44% since the start of the year, but remain 25% off their March high of $ 151.44.
From a fundamental point of view, SNBR examines almost all requirements for a successful growth company. Sleep Number stock trades at a price to earnings ratio of 19.05 and has a price to earnings ratio of 18.18, which is impressive in the market today and even more when you consider how fast the company has moved grows
Sleep Number’s biggest fundamental flaw is found on its balance sheet, where the company has a total of $ 677 million in debt and only $ 2.24 million in cash. Still, almost all signs seem to point to further growth for Sleep Number stock in the years to come.