Mattress Firm Holding Corp. (NASDAQ: MFRM) is set to report its fiscal first-quarter financial results after the markets close on Thursday. The consensus estimates from Thomson Reuters are calling for a net loss of $0.04 per share on $867.20 million in revenue. In the same period of the previous year, the company posted EPS of $0.33 and $562.55 million in revenue.
In the previous quarter, the company said that it expected to have a net loss of $0.07 per share to breakeven in the fiscal first quarter, compared to the consensus estimate of $0.30 EPS at that time. This discrepancy was mainly driven by the dilution from financing the Sleepy’s acquisition.
Separate from the previous earnings report in March, Mattress Firm announced that Ken Murphy has been appointed president and CEO and Steve Stagner will assume the role of executive chairman of Mattress Firm and chairman of the board of directors. The changes, which were effective immediately, represent part of a long-term succession plan for the organization and will allow for better division of responsibilities for the two executives.
A few analysts weighed in on Mattress Firm prior to the earnings report:
- Piper Jaffray reiterated a Neutral rating with a $35 price target.
- Wedbush reiterated a Neutral rating with a $38 price target.
- Citigroup has a Neutral rating.
So far in 2016, Mattress Firm has underperformed the broad markets, with the stock down 23%. Over the past 52 weeks, the stock is down 44%.
Shares of Mattress Firm traded at $34.30 on Thursday, with a consensus analyst price target of $44.56 and a 52-week trading range of $30.01 to $65.51.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
