Mattress Firm Holding Corp MFRM is scheudled to release its first quarter earnings after Tuesday's bell.
The company’s earnings respond to some sort of cycle: peak in the third quarter each year, fall substantially on the fourth quarter, then recuperating in the second quarter of the next year.
Expectations for the current quarter a relatively low. According to Estimize, the Street anticipates earnings of $0.38 per share on revenue of $555.92 million. This estimate implies a 22.5 percent year-over-year increase in earnings, and a 66.9 percent surge in sales.
The second chart illustrates the evolution of sentiment over time. The Street’s consensus has been falling consistently since late-February, when it stood at $0.46 per share, to current levels, 21 percent below this estimate.
Analyst Ratings
Several major Wall Street research firms have weighed in on Mattress Firm recently. Last week, UBS reiterated a Buy rating, accompanied by a $68.00 price target.
About a month ago, analysts at Piper Jaffray downgraded the shares from Overweight to Neutral, trimming their price target from $77.00 to $62.00.
Wedbush initiated coverage this quarter with an Outperform rating and a $71.00 price target.
Barclays maintained an Overweight rating and a $74.00 price target. Citigroup rates the stock a Buy, and set a $76.00 price target in late March.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.