Pool (NASDAQ:POOL) products retailer Leslie’s (NASDAQ:LESL) will be reporting results tomorrow after the bell. Here's what to expect.
Last quarter Leslie's reported revenues of $610.9 million, down 9.3% year on year, slightly below analysts' expectations. It was a mixed quarter for the company, with EPS exceeding Wall Street's estimates. On the other hand, revenue missed, and the company lowered the full year sales guidance.
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 11.8% year on year to $419.3 million, a deceleration on the 16.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 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 Q4 earnings results, giving us a hint of what we can expect. Tractor Supply (NASDAQ:TSCO) delivered top-line growth of 4.3% year on year, missing analyst estimates by 1.7% and National Vision reported revenues up 6.6% year on year, exceeding estimates by 1.1%. Tractor Supply traded down 6.2% on the results, National Vision was flat on the results.
Read the full analysis of Tractor Supply's and National Vision's results on StockStory.
There has been positive sentiment among investors in the consumer retail segment, with the stocks up on average 10.5% over the last month. Leslie's is up 12.9% during the same time, and is heading into the earnings with analyst price target of $7.8, compared to share price of $5.7.
The author has no position in any of the stocks mentioned.
