Sleep Number Announces First Quarter 2022 Results

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Piper Sandler Downgrades Sleep Number (SNBR) to Neutral

April 21, 2022 7:05 AM EDT

Piper Sandler analyst Peter Keith downgraded Sleep Number (NASDAQ: SNBR) from Overweight to Neutral with a price target of $49.00 (from $62.00).

The analyst comments "We are downgrading shares to Neutral and lowering our PT to $49 (9x 2023E EPS). While we are late... More

Sleep Number Corporation (SNBR) Misses Q1 EPS by 24c

April 20, 2022 4:02 PM EDT

Sleep Number Corporation (NASDAQ: SNBR) reported Q1 EPS of $0.09, $0.24 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $527 million versus the consensus estimate of $534.4 million.

GUIDANCE:

Sleep Number Corporation sees FY2022 EPS of $5.00-$6.00, versus the... More