Strength Seen in Sleep Number (SNBR): Can Its 19.1% Jump Turn into More Strength?

Company Overview - Sleep Number (SNBR) shares increased by 19.1% to close at $10.28, following a significant trading volume compared to normal sessions, despite a 28.6% loss over the past four weeks [1] - The company is expected to report a quarterly loss of $0.44 per share, reflecting a year-over-year change of -1566.7%, with revenues projected at $412.4 million, down 10.1% from the previous year [2] - The consensus EPS estimate for Sleep Number has been revised 3.5% higher in the last 30 days, indicating a potential for price appreciation [3] Industry Context - Sleep Number operates within the Zacks Furniture industry, where Legget & Platt (LEG) also competes, having closed 3.8% higher at $12.58, with a 4.1% return over the past month [3] - For Legget & Platt, the consensus EPS estimate has decreased by 1.6% to $0.29, representing a 23.7% decline from the previous year [4]