Pool products retailer Leslie’s (NASDAQ:LESL) will be announcing earnings results tomorrow after market close. Here’s what investors should know.
Leslie's met analysts’ revenue expectations last quarter, reporting revenues of $569.6 million, down 6.8% year on year. It was a slower quarter for the company, with full-year EPS and revenue guidance missing analysts’ expectations.
Is Leslie's a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Leslie’s revenue to decline 6.3% year on year to $405.2 million, improving from the 9.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Leslie's has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Leslie’s peers in the consumer retail segment, some have already reported their Q3 results, giving us a hint as to what we can expect. National Vision delivered year-on-year revenue growth of 2.9%, meeting analysts’ expectations, and Tractor Supply reported revenues up 1.6%, in line with consensus estimates. National Vision traded down 4.8% following the results while Tractor Supply was also down 6.7%.
Read our full analysis of National Vision’s results here and Tractor Supply’s results here.
There has been positive sentiment among investors in the consumer retail segment, with share prices up 3.7% on average over the last month. Leslie's is up 11.1% during the same time and is heading into earnings with an average analyst price target of $3.53 (compared to the current share price of $3.20).
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