Pool products retailer Leslie’s (NASDAQ: LESL) will be reporting results this Tuesday after market close. Here’s what to expect.
Leslie's beat analysts’ revenue expectations by 4.2% last quarter, reporting revenues of $389.2 million, down 2.2% year on year. It was a slower quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ EPS estimates.
Is Leslie's a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Leslie’s revenue to decline 9.8% year on year to $158 million, a deceleration from its flat revenue in the same quarter last year. Adjusted loss is expected to come in at -$4.24 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 five times over the last two years.
Looking at Leslie’s peers in the consumer retail segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Tractor Supply delivered year-on-year revenue growth of 3.3%, missing analysts’ expectations by 2.4%, and Advance Auto Parts reported a revenue decline of 1.2%, topping estimates by 1%. Tractor Supply traded down 7.7% following the results.
Read our full analysis of Tractor Supply’s results here and Advance Auto Parts’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 24.8% during the same time and is heading into earnings with an average analyst price target of $5.88 (compared to the current share price of $1.20).
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