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

Wall Street analysts expect Somnigroup International (SGI) to post quarterly earnings of $0.51 per share in its upcoming report, which indicates a year-over-year decline of 19.1%. Revenues are expected to be $1.88 billion, up 52.2% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.That said, let's delve into the average estimates of some Somnigroup International metrics that Wall Street analysts commonly model and monitor.The consensus among analysts is that 'Net Sales- Wholesale' will reach $795.15 million. The estimate suggests a change of -16.3% year over year.According to the collective judgment of analysts, 'Net Sales- Direct' should come in at $266.65 million. The estimate indicates a change of -5.8% from the prior-year quarter.Analysts expect 'Net Sales- International' to come in at $266.42 million. The estimate indicates a change of +4.4% from the prior-year quarter.Based on the collective assessment of analysts, 'Net Sales- North America' should arrive at $769.28 million. The estimate points to a change of -21.4% from the year-ago quarter.The average prediction of analysts places 'Net Sales- North America- Direct' at $97.62 million. The estimate points to a change of -21% from the year-ago quarter.Analysts predict that the 'Net Sales- International- Direct' will reach $169.04 million. The estimate indicates a year-over-year change of +6%.The collective assessment of analysts points to an estimated 'Net Sales- International- Wholesale' of $100.45 million. The estimate indicates a change of +5% from the prior-year quarter.It is projected by analysts that the 'Net Sales- North America- Wholesale' will reach $694.71 million. The estimate suggests a change of -18.7% year over year. View all Key Company Metrics for Somnigroup International here>>> Over the past month, shares of Somnigroup International have returned +3% versus the Zacks S&P 500 composite's +1% change. Currently, SGI carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity.Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Somnigroup International Inc. (SGI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks