Sealy Whiffs on Revenues
Sealy (NYS: ZZ) reported earnings on Jan. 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Nov. 27 (Q4), Sealy whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted, and earnings per share shrank.
Margins contracted across the board.
Sealy logged revenue of $269 million. The six analysts polled by S&P Capital IQ looked for revenue of $308 million. Sales were 9.2% lower than the prior-year quarter's $297 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at -$0.14. The five earnings estimates compiled by S&P Capital IQ forecast $0.02 per share on the same basis. GAAP EPS were -$0.30 for Q4 against $0.00 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 36.4%, 500 basis points worse than the prior-year quarter. Operating margin was 1.2%, 850 basis points worse than the prior-year quarter. Net margin was -5.6%, 410 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $303 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $1.3 billion. The average EPS estimate is $0.01.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 136 members out of 210 rating the stock outperform, and 74 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Sealy a green thumbs-up, and 30 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sealy is hold, with an average price target of $2.20.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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