Specialty flooring retailer Floor & Decor (NYSE:FND) will be reporting earnings tomorrow afternoon. Here's what you need to know.
Last quarter Floor And Decor reported revenues of $1.11 billion, flat year on year, missing analyst expectations by 1.4%. It was a mixed quarter for the company, with a decent beat of analysts' earnings estimates but full-year revenue guidance missing analysts' expectations.
Is Floor And Decor buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Floor And Decor's revenue to decline 3.6% year on year to $1.01 billion, a deceleration on the 14.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.27 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Floor And Decor's peers in the home furnishing and improvement retail segment, only Home Depot (NYSE:HD) has so far reported results, with revenues decreasing 2.9% year on year, and beating analyst estimates by 0.3%.
Read the full analysis of Home Depot's results on StockStory. There has been positive sentiment among investors in the home furnishing and improvement retail segment, with the stocks up on average 3.6% over the last month. Floor And Decor is up 1.5% during the same time, and is heading into the earnings with analyst price target of $99.8, compared to share price of $109.7.