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

Leslie’s (NASDAQ:LESL) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.030-0.090 for the period, compared to the consensus EPS 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.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LESL shares. Jefferies Financial Group dropped their price objective on shares of Leslie’s from $5.00 to $4.00 and set a hold rating on the stock in a research note on Wednesday, July 10th. Stifel Nicolaus lowered shares of Leslie’s from a hold rating to a sell rating and dropped their price target for the company from $5.25 to $2.50 in a research report on Thursday, July 18th. Loop Capital dropped their price target on shares of Leslie’s from $6.00 to $3.00 and set a hold rating on the stock in a research report on Friday, July 19th. Bank of America dropped their price target on shares of Leslie’s from $6.40 to $5.15 and set a buy rating on the stock in a research report on Thursday, July 18th. Finally, Mizuho dropped their price target on shares of Leslie’s from $6.00 to $4.00 and set a neutral rating on the stock in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $3.96.

Leslie’s Trading Down 8.3 %

Shares of Leslie’s stock opened at $2.98 on Friday. The company’s fifty day simple moving average is $3.15 and its two-hundred day simple moving average is $4.75. The company has a market cap of $550.53 million, a P/E ratio of 37.25, a PEG ratio of 8.23 and a beta of 1.17. Leslie’s has a 12-month low of $2.42 and a 12-month high of $8.21.

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

About Leslie’s

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.