Sleep Number (SNBR) to Release Earnings on Wednesday

Sleep Number (NASDAQ:SNBR) is expected to be issuing its Q1 2026 results before the market opens on Wednesday, April 29th. Analysts expect Sleep Number to post earnings of ($0.35) per share and revenue of $320.7180 million for the quarter. Parties are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Wednesday, April 29, 2026 at 5:00 PM ET.

Sleep Number (NASDAQ:SNBR) last posted its earnings results on Thursday, March 12th. The company reported ($2.55) EPS for the quarter, missing the consensus estimate of ($0.56) by ($1.99). The company had revenue of $347.39 million during the quarter, compared to analysts’ expectations of $328.67 million. During the same quarter in the prior year, the company posted ($0.21) EPS. Sleep Number’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, analysts expect Sleep Number to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sleep Number Stock Performance

Shares of NASDAQ:SNBR opened at $2.36 on Monday. Sleep Number has a twelve month low of $1.06 and a twelve month high of $13.94. The firm has a market cap of $53.95 million, a P/E ratio of -0.41 and a beta of 2.23. The company has a 50 day moving average of $3.93 and a 200-day moving average of $6.33.

Analyst Ratings Changes

Several brokerages have recently issued reports on SNBR. Piper Sandler cut their price objective on Sleep Number from $12.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Wall Street Zen downgraded Sleep Number from a “sell” rating to a “strong sell” rating in a report on Sunday, April 19th. UBS Group decreased their price target on Sleep Number from $10.00 to $4.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Sleep Number in a research note on Friday, January 9th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $4.50.

Hedge Funds Weigh In On Sleep Number

Several institutional investors have recently bought and sold shares of the stock. Susquehanna Portfolio Strategies LLC boosted its position in Sleep Number by 80.6% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 131,321 shares of the company’s stock worth $1,111,000 after purchasing an additional 58,592 shares during the period. Quadrature Capital Ltd raised its position in shares of Sleep Number by 48.3% in the fourth quarter. Quadrature Capital Ltd now owns 15,305 shares of the company’s stock valued at $129,000 after purchasing an additional 4,987 shares during the period. Jain Global LLC bought a new position in shares of Sleep Number in the fourth quarter valued at approximately $281,000. Jump Financial LLC lifted its stake in shares of Sleep Number by 841.1% in the fourth quarter. Jump Financial LLC now owns 242,800 shares of the company’s stock worth $2,054,000 after buying an additional 217,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Sleep Number by 38.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,203 shares of the company’s stock worth $493,000 after buying an additional 16,200 shares during the last quarter. 85.67% of the stock is currently owned by institutional investors.

About Sleep Number

Sleep Number Corporation (NASDAQ: SNBR) is a Minneapolis‐based company specializing in the design, manufacture and retail of adjustable air mattresses and bedding products. The company’s flagship Sleep Number® bed features dual air chambers that allow each side of the mattress to be tailored to an individual’s preferred firmness, supported by integrated SleepIQ® technology. This proprietary monitoring system tracks biometric data such as heart rate, breathing and motion, delivering personalized sleep insights through a connected app.

Founded in 1987 as Select Comfort, the business pioneered adjustable air mattress technology and has since grown into a direct-to-consumer retailer.