Pool (NASDAQ:POOL) products retailer Leslie’s (NASDAQ:LESL) will be announcing earnings results tomorrow afternoon. Here's what you need to know.
Last quarter Leslie's reported revenues of $432.4 million, down 9.1% year on year, beating analyst revenue expectations by 3.1%. It was a weak quarter for the company, with underwhelming earnings guidance for the full year.
Is Leslie's buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Leslie's's revenue to decline 13.1% year on year to $169.6 million, a deceleration on the 5.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.21 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 Leslie's's peers in the consumer retail segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. CarMax (NYSE:KMX)'s revenues decreased 5.5% year on year, missing analyst estimates by 2.5% and Monro reported revenue decline of 5.2% year on year, missing analyst estimates by 2.2%. CarMax traded up 5.6% on the results, and Monro was flat on the results.
Read the full analysis of CarMax's and Monro's results on StockStory.
The fears around raising interest rates have been putting pressure on tech stocks and while some of the consumer retail stocks have fared somewhat better, they have not been spared, with share price declining 3.6% over the last month. Leslie's is up 1.3% during the same time, and is heading into the earnings with analyst price target of $6.1, compared to share price of $7.1.
The author has no position in any of the stocks mentioned.