Somnigroup International (SGI) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates

Core Insights - Wall Street analysts expect Somnigroup International (SGI) to report quarterly earnings of $0.51 per share, reflecting a year-over-year decline of 19.1% [1] - Revenue projections for SGI stand at $1.88 billion, indicating a significant increase of 52.2% compared to the same quarter last year [1] - Over the past 30 days, the consensus EPS estimate has been revised upward by 1.3%, suggesting a reassessment of initial projections by analysts [1][2] Revenue Estimates - Analysts project 'Net Sales- Wholesale' to reach $795.15 million, representing a year-over-year decline of 16.3% [4] - 'Net Sales- Direct' is expected to be $266.65 million, indicating a decrease of 5.8% from the prior-year quarter [4] - 'Net Sales- International' is estimated at $266.42 million, showing an increase of 4.4% year-over-year [4] Regional Sales Projections - 'Net Sales- North America' is anticipated to be $769.28 million, reflecting a decline of 21.4% from the previous year [5] - 'Net Sales- North America- Direct' is projected at $97.62 million, indicating a decrease of 21% year-over-year [5] - 'Net Sales- International- Direct' is expected to reach $169.04 million, with a year-over-year increase of 6% [5] Wholesale Sales Estimates - 'Net Sales- International- Wholesale' is estimated at $100.45 million, indicating a year-over-year increase of 5% [6] - 'Net Sales- North America- Wholesale' is projected to be $694.71 million, reflecting a decline of 18.7% compared to the prior year [6] Stock Performance - Over the past month, shares of Somnigroup International have returned +3%, outperforming the Zacks S&P 500 composite's +1% change [6] - Currently, SGI holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [6]