Company Performance - Sleep Number (SNBR) reported a quarterly loss of $0.38 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.11, marking an earnings surprise of -245.45% [1] - The company posted revenues of $393.26 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.43%, but down from $470.45 million in the same quarter last year [2] - Over the last four quarters, Sleep Number has surpassed consensus EPS estimates three times, but has topped consensus revenue estimates only once [2] Stock Performance - Sleep Number shares have declined approximately 50.2% since the beginning of the year, in contrast to the S&P 500's decline of -5.5% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $381.67 million, and for the current fiscal year, it is -$0.47 on revenues of $1.58 billion [7] Industry Outlook - The Furniture industry, to which Sleep Number belongs, is currently ranked in the bottom 7% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Sleep Number's stock performance [5][6]

Company Performance - Legget & Platt reported quarterly earnings of $0.24 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, and showing an increase from $0.23 per share a year ago, representing an earnings surprise of 4.35% [1] - The company posted revenues of $1.02 billion for the quarter ended March 2025, which missed the Zacks Consensus Estimate by 0.53% and decreased from $1.1 billion year-over-year [2] - Over the last four quarters, Legget & Platt has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - Legget & Platt shares have declined approximately 24.1% since the beginning of the year, compared to a decline of 6.1% for the S&P 500 [3] - The current Zacks Rank for Legget & Platt is 4 (Sell), indicating expectations for the stock to underperform the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.30 on revenues of $1.07 billion, and for the current fiscal year, it is $1.09 on revenues of $4.2 billion [7] - The outlook for the furniture industry, where Legget & Platt operates, is currently in the bottom 5% of over 250 Zacks industries, which may negatively impact stock performance [8] Industry Context - Sleep Number, a competitor in the same industry, is expected to report a quarterly loss of $0.11 per share, reflecting a significant year-over-year decline of 466.7%, with revenues anticipated to be $391.57 million, down 16.8% from the previous year [9][10]