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Tempur Sealy (TPX) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
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Tempur Sealy (TPX - Free Report) reported $1.19 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.6%. EPS of $0.50 for the same period compares to $0.53 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.21 billion, representing a surprise of -1.43%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $0.48.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tempur Sealy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- International: $288.30 million versus $306.99 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.
Net Sales- North America: $901.10 million compared to the $906.14 million average estimate based on three analysts. The reported number represents a change of -2% year over year.
Net Sales- North America- Direct: $124.20 million compared to the $114.27 million average estimate based on two analysts. The reported number represents a change of +7.7% year over year.
Net Sales- International- Direct: $179.40 million versus the two-analyst average estimate of $191.36 million. The reported number represents a year-over-year change of -0.4%.
Net Sales- International- Wholesale: $108.90 million versus $114.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.
Net Sales- North America- Wholesale: $776.90 million versus the two-analyst average estimate of $785.14 million. The reported number represents a year-over-year change of -3.4%.
Net Sales- Direct: $303.60 million compared to the $305.63 million average estimate based on two analysts. The reported number represents a change of +2.7% year over year.
Net Sales- Wholesale: $885.80 million compared to the $899.87 million average estimate based on two analysts. The reported number represents a change of -2.9% year over year.
Shares of Tempur Sealy have returned -6.5% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Tempur Sealy (TPX) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Tempur Sealy (TPX - Free Report) reported $1.19 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.6%. EPS of $0.50 for the same period compares to $0.53 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.21 billion, representing a surprise of -1.43%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $0.48.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tempur Sealy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- International: $288.30 million versus $306.99 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.1% change.
- Net Sales- North America: $901.10 million compared to the $906.14 million average estimate based on three analysts. The reported number represents a change of -2% year over year.
- Net Sales- North America- Direct: $124.20 million compared to the $114.27 million average estimate based on two analysts. The reported number represents a change of +7.7% year over year.
- Net Sales- International- Direct: $179.40 million versus the two-analyst average estimate of $191.36 million. The reported number represents a year-over-year change of -0.4%.
- Net Sales- International- Wholesale: $108.90 million versus $114.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.6% change.
- Net Sales- North America- Wholesale: $776.90 million versus the two-analyst average estimate of $785.14 million. The reported number represents a year-over-year change of -3.4%.
- Net Sales- Direct: $303.60 million compared to the $305.63 million average estimate based on two analysts. The reported number represents a change of +2.7% year over year.
- Net Sales- Wholesale: $885.80 million compared to the $899.87 million average estimate based on two analysts. The reported number represents a change of -2.9% year over year.
View all Key Company Metrics for Tempur Sealy here>>>Shares of Tempur Sealy have returned -6.5% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.