Sleep NumberNASDAQ: SNBR

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR), the sleep wellness technology leader, unveiled its new Sleep Number® c1 smart bed at only $999 (Queen). The brand's best value, the c1 offers the same signature adjustable firmness on either side and sleep technology features as Sleep Number's higher-end smart beds. For under $1,000, sleepers receive their ideal comfort and support; breathable technology that draws heat away from the body; and personalized digital sle.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR), a sleep wellness technology leader, announced it will present new research at SLEEP 2024 in Houston. Findings will show results of four studies leveraging smart bed data collected in a real-world, home environment, and the Smart Sleeper Panel, a cohort of more than 468,000 Sleep Number smart bed sleepers who've opted to participate in sleep science research. These studies further demonstrate the research capabilities.

Sleep Number Corporation and the American Cancer Society were awarded the Golden Halo Award for Best Intersectional Initiative in 2024, recognizing their innovative and impactful collaboration. The award, presented by Engage for Good, celebrates initiatives that address multiple causes and communities simultaneously, marking a significant achievement in the corporate world.

Sleep Number (SNBR) passed our 'Fast-Paced Momentum at a Discount' evaluation and may be an appealing option for investors seeking stocks that have experienced significant momentum growth while still being reasonably priced.

The Q1 2024 Earnings Conference Call for Sleep Number Corporation (NASDAQ:SNBR) will begin at 5:00 PM ET on April 24, 2024. Company representatives include Shelly Ibach, Francis Lee, and Dave Schwantes. Conference call participants include Peter Keith, Robert Griffin, Seth Basham, Dan Silverstein, and Bradley Thomas. The operator has placed all lines in a listen-only mode until the question-and-answer session. Welcome to the call.

Sleep Number (SNBR) reported quarterly earnings of $0.03 per share, surpassing the Zacks Consensus Estimate of a loss of $0.41 per share. This is lower than the earnings of $0.51 per share reported in the same quarter last year.

Sleep Number Corporation stock has lost over half its value in the past year, while the benchmark has risen by close to a third. We touch upon some of the negative sub-plots that have weighed on the stock. Whilst the industry may not grow this year as well, we are encouraged by the steps that the company is taking to address its cost-base and generate free cash flow.