Legget & Platt reported $1.13 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 7.6%. EPS of $0.29 for the same period compares to $0.38 a year ago.
The reported revenue represents a surprise of -0.52% over the Zacks Consensus Estimate of $1.13 billion. With the consensus EPS estimate being $0.29, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Legget & Platt performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Change in Organic Sales - Bedding Products
: -13% versus the four-analyst average estimate of -13%.Change in Organic Sales - Specialized Products
: -6% versus the four-analyst average estimate of -6.3%.Change in Organic Sales
: -8% compared to the -6.6% average estimate based on three analysts.Trade sales- Bedding Products
: $438 million compared to the $438.83 million average estimate based on four analysts. The reported number represents a change of -13.2% year over year.Trade sales- Furniture, Flooring and Textile Products
: $371 million versus $371.08 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.2% change.Trade sales- Specialized Products
: $319.60 million versus the four-analyst average estimate of $324.56 million. The reported number represents a year-over-year change of -0.5%.EBIT- Specialized Products
: -$9.50 million compared to the $24.79 million average estimate based on two analysts.Adjusted EBIT- Furniture, Flooring & Textile ProductsC
: $35.10 million compared to the $26.80 million average estimate based on two analysts.Adjusted EBIT- Bedding Products
: $0.60 million compared to the $15.35 million average estimate based on two analysts.EBIT- Furniture, Flooring and Textile Products
: -$9.40 million compared to the $22.36 million average estimate based on two analysts.
View all Key Company Metrics for Legget & Platt here>>>Shares of Legget & Platt have returned +18% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Legget & Platt (LEG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Legget & Platt reported $1.13 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 7.6%. EPS of $0.29 for the same period compares to $0.38 a year ago.
The reported revenue represents a surprise of -0.52% over the Zacks Consensus Estimate of $1.13 billion. With the consensus EPS estimate being $0.29, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Legget & Platt performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Legget & Platt here>>>Change in Organic Sales - Bedding Products
: -13% versus the four-analyst average estimate of -13%.Change in Organic Sales - Specialized Products
: -6% versus the four-analyst average estimate of -6.3%.Change in Organic Sales
: -8% compared to the -6.6% average estimate based on three analysts.Trade sales- Bedding Products
: $438 million compared to the $438.83 million average estimate based on four analysts. The reported number represents a change of -13.2% year over year.Trade sales- Furniture, Flooring and Textile Products
: $371 million versus $371.08 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.2% change.Trade sales- Specialized Products
: $319.60 million versus the four-analyst average estimate of $324.56 million. The reported number represents a year-over-year change of -0.5%.EBIT- Specialized Products
: -$9.50 million compared to the $24.79 million average estimate based on two analysts.Adjusted EBIT- Furniture, Flooring & Textile ProductsC
: $35.10 million compared to the $26.80 million average estimate based on two analysts.Adjusted EBIT- Bedding Products
: $0.60 million compared to the $15.35 million average estimate based on two analysts.EBIT- Furniture, Flooring and Textile Products
: -$9.40 million compared to the $22.36 million average estimate based on two analysts.Shares of Legget & Platt have returned +18% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.