Tempur Sealy International, Inc. (TPX) Social Stream
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$TPX 4.5 month of sideways action.ZorTrades, published August 10, 2021
Positive reaction to earnings.
Estimates: Wall Street expected Tempur Sealy to earn 57 cents per share, according to FactSet, a 235% jump. Revenue was seen climbing 70% to $1.13 billion.
Results: Tempur Sealy earnings shot up 295% to 79 cents a share as revenue soared 76% to $1.17 billion.
Outlook: The company sees full-year adjusted EPS of $3.10-3.25 with sales growth topping 35%. Analysts have forecast Tempur-Sealy earnings of $2.72.
Long through 43.18, initial sell stop 41.90.
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