Bedding manufacturer Somnigroup (NYSE: SGI) will be announcing earnings results this Thursday before market open. Here’s what to expect.
Somnigroup missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $1.88 billion, up 52.5% year on year. It was a mixed quarter for the company, with full-year EPS guidance topping analysts’ expectations but a slight miss of analysts’ revenue estimates.
Is Somnigroup a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Somnigroup’s revenue to grow 58.6% year on year to $2.06 billion, improving from the 1.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.86 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Somnigroup has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Somnigroup’s peers in the home furnishings segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Purple posted flat year-on-year revenue, missing analysts’ expectations by 3.6%, and Leggett & Platt reported a revenue decline of 5.9%, topping estimates by 1.1%. Leggett & Platt traded up 15.2% following the results.
Read our full analysis of Purple’s results here and Leggett & Platt’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the home furnishings stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. Somnigroup is down 5.2% during the same time and is heading into earnings with an average analyst price target of $88.38 (compared to the current share price of $80.11).
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