Leslie’s (NASDAQ:LESL) Updates FY 2024 Earnings Guidance

Leslie’s (NASDAQ:LESL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.030-0.090 for the period, compared to the consensus earnings per share estimate of 0.080. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Leslie’s Stock Performance

Shares of NASDAQ LESL opened at $2.98 on Friday. The stock has a 50 day moving average price of $3.15 and a 200 day moving average price of $4.73. Leslie’s has a 52 week low of $2.42 and a 52 week high of $8.21. The stock has a market capitalization of $550.53 million, a PE ratio of 37.25, a price-to-earnings-growth ratio of 8.23 and a beta of 1.17.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Leslie’s had a negative return on equity of 6.11% and a net margin of 0.22%. The firm had revenue of $569.64 million during the quarter, compared to analysts’ expectations of $569.99 million. During the same period in the prior year, the firm posted $0.40 earnings per share. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. As a group, research analysts forecast that Leslie’s will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

LESL has been the subject of a number of recent analyst reports. Stifel Nicolaus cut Leslie’s from a hold rating to a sell rating and cut their price objective for the company from $5.25 to $2.50 in a research report on Thursday, July 18th. Mizuho dropped their price target on Leslie’s from $6.00 to $4.00 and set a neutral rating for the company in a report on Tuesday, August 6th. Telsey Advisory Group reissued a market perform rating and set a $4.00 price target on shares of Leslie’s in a report on Tuesday, August 27th. Piper Sandler dropped their price target on Leslie’s from $6.00 to $3.00 and set a neutral rating for the company in a report on Thursday, July 18th. Finally, Bank of America dropped their price target on Leslie’s from $6.40 to $5.15 and set a buy rating for the company in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $3.96.

Leslie’s Company Profile

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.