Sleep Number Corporation (SNBR - Free Report) shares ended the last trading session 4.5% higher at $143.83. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 13.5% gain over the past four weeks.
Shares of the seller of beds, mattresses and bedding products have jumped given the optimism surrounding the company's business outlook. Also, the bullish sentiments can be attributable to Fed’s bullish view, extensive vaccination drive, additional government spending and favorable economic data.
Price and Consensus
This seller of beds, mattresses and bedding products is expected to post quarterly earnings of $1.79 per share in its upcoming report, which represents a year-over-year change of +31.6%. Revenues are expected to be $578.85 million, up 22.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Sleep Number, the consensus EPS estimate for the quarter has been revised 41.5% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on SNBR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank 1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Sleep Number Corporation (SNBR - Free Report) shares ended the last trading session 4.5% higher at $143.83. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 13.5% gain over the past four weeks.
Shares of the seller of beds, mattresses and bedding products have jumped given the optimism surrounding the company's business outlook. Also, the bullish sentiments can be attributable to Fed’s bullish view, extensive vaccination drive, additional government spending and favorable economic data.
Price and Consensus
This seller of beds, mattresses and bedding products is expected to post quarterly earnings of $1.79 per share in its upcoming report, which represents a year-over-year change of +31.6%. Revenues are expected to be $578.85 million, up 22.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Sleep Number, the consensus EPS estimate for the quarter has been revised 41.5% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on SNBR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank 1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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