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Legget & Platt (LEG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Legget & Platt (LEG - Free Report) reported $1.1 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 6.3%. EPS of $0.32 for the same period compares to $0.36 a year ago.
The reported revenue represents a surprise of -0.39% over the Zacks Consensus Estimate of $1.11 billion. With the consensus EPS estimate being $0.33, the EPS surprise was -3.03%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: -8% compared to the -10.4% average estimate based on four analysts.
Change in Organic Sales - Specialized Products: -6% versus the four-analyst average estimate of -4.2%.
Change in Organic Sales - Furniture, Flooring and Textile Products: -4% compared to the -0.9% average estimate based on four analysts.
Change in Organic Sales: -6% versus -5.6% estimated by three analysts on average.
Trade sales- Furniture, Flooring and Textile Products: $356.30 million versus the four-analyst average estimate of $356.78 million. The reported number represents a year-over-year change of -4.4%.
Trade sales- Specialized Products: $299.90 million versus $316.24 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.1% change.
Trade sales- Bedding Products: $445.50 million versus $432.94 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.8% change.
EBIT- Bedding Products: $25.50 million versus the two-analyst average estimate of $33.93 million.
EBIT- Specialized Products: $24.80 million versus $22.53 million estimated by two analysts on average.
Adjusted EBIT- Specialized Products: $28.60 million compared to the $33.85 million average estimate based on two analysts.
Adjusted EBIT- Bedding Products: $19.50 million versus the two-analyst average estimate of $17.55 million.
Adjusted EBIT- Furniture, Flooring & Textile ProductsC: $27.90 million versus the two-analyst average estimate of $28.35 million.
Shares of Legget & Platt have returned -13.8% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Legget & Platt (LEG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Legget & Platt (LEG - Free Report) reported $1.1 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 6.3%. EPS of $0.32 for the same period compares to $0.36 a year ago.
The reported revenue represents a surprise of -0.39% over the Zacks Consensus Estimate of $1.11 billion. With the consensus EPS estimate being $0.33, the EPS surprise was -3.03%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: -8% compared to the -10.4% average estimate based on four analysts.
- Change in Organic Sales - Specialized Products: -6% versus the four-analyst average estimate of -4.2%.
- Change in Organic Sales - Furniture, Flooring and Textile Products: -4% compared to the -0.9% average estimate based on four analysts.
- Change in Organic Sales: -6% versus -5.6% estimated by three analysts on average.
- Trade sales- Furniture, Flooring and Textile Products: $356.30 million versus the four-analyst average estimate of $356.78 million. The reported number represents a year-over-year change of -4.4%.
- Trade sales- Specialized Products: $299.90 million versus $316.24 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6.1% change.
- Trade sales- Bedding Products: $445.50 million versus $432.94 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -7.8% change.
- EBIT- Bedding Products: $25.50 million versus the two-analyst average estimate of $33.93 million.
- EBIT- Specialized Products: $24.80 million versus $22.53 million estimated by two analysts on average.
- Adjusted EBIT- Specialized Products: $28.60 million compared to the $33.85 million average estimate based on two analysts.
- Adjusted EBIT- Bedding Products: $19.50 million versus the two-analyst average estimate of $17.55 million.
- Adjusted EBIT- Furniture, Flooring & Textile ProductsC: $27.90 million versus the two-analyst average estimate of $28.35 million.
View all Key Company Metrics for Legget & Platt here>>>Shares of Legget & Platt have returned -13.8% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.