Pool products retailer Leslie’s (NASDAQ: LESL) will be reporting results this Wednesday after market close. Here’s what to expect.
Leslie's missed analysts’ revenue expectations by 4% last quarter, reporting revenues of $177.1 million, down 6.1% year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates and a slight miss of analysts’ gross margin estimates.
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 6.7% year on year to $531.6 million, in line with the 6.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.20 per share.
The majority of analysts covering the company have 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 five times over the last two years.
Looking at Leslie’s peers in the consumer retail segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Tractor Supply delivered year-on-year revenue growth of 4.5%, beating analysts’ expectations by 0.9%, and Walgreens reported revenues up 7.2%, topping estimates by 6.4%. Tractor Supply’s stock price was unchanged after the resultswhile Walgreens was up 1.2%.
Read our full analysis of Tractor Supply’s results here and Walgreens’s results here.
Investors in the consumer retail segment have had steady hands going into earnings, with share prices flat over the last month. Leslie's is down 20.7% during the same time and is heading into earnings with an average analyst price target of $1.03 (compared to the current share price of $0.37).
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