Bedding manufacturer Tempur Sealy (NYSE:TPX) will be reporting earnings tomorrow before market open. Here’s what to look for.
Tempur Sealy beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $1.3 billion, up 1.8% year on year. It was a satisfactory quarter for the company, with a decent beat of analysts’ EPS estimates.
Is Tempur Sealy a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Tempur Sealy’s revenue to be flat year on year at $1.18 billion, improving from the 1.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 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.
Looking at Tempur Sealy’s peers in the home furnishings segment, some have already reported their Q4 results, giving us a hint as to what we can expect. La-Z-Boy delivered year-on-year revenue growth of 4.3%, beating analysts’ expectations by 1.2%, and Mohawk Industries reported flat revenue, topping estimates by 4.1%. Mohawk Industries traded down 1.4% following the results.
Read our full analysis of La-Z-Boy’s results here and Mohawk Industries’s results here.
Investors in the home furnishings segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Tempur Sealy is up 12.6% during the same time and is heading into earnings with an average analyst price target of $74.50 (compared to the current share price of $68.78).
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