We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unlocking Q4 Potential of Legget & Platt (LEG): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Legget & Platt (LEG - Free Report) will report quarterly earnings of $0.21 per share in its upcoming release, pointing to a year-over-year decline of 19.2%. It is anticipated that revenues will amount to $1.03 billion, exhibiting a decline of 7.3% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 3.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Legget & Platt metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Trade sales- Furniture, Flooring and Textile Products' will reach $327.45 million. The estimate suggests a change of -5.9% year over year.
The average prediction of analysts places 'Trade sales- Specialized Products' at $299.20 million. The estimate indicates a change of -6.1% from the prior-year quarter.
Analysts expect 'Trade sales- Bedding Products' to come in at $407.43 million. The estimate suggests a change of -9.2% year over year.
The consensus among analysts is that 'Change in Organic Sales - Specialized Products' will reach -5.9%. Compared to the present estimate, the company reported 5% in the same quarter last year.
Analysts predict that the 'EBIT- Specialized Products' will reach $17.75 million. Compared to the current estimate, the company reported $32 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'EBIT- Furniture, Flooring and Textile Products' will likely reach $14.60 million. Compared to the current estimate, the company reported $31.90 million in the same quarter of the previous year.
Shares of Legget & Platt have demonstrated returns of +3% over the past month compared to the Zacks S&P 500 composite's +2.1% change. With a Zacks Rank #2 (Buy), LEG is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unlocking Q4 Potential of Legget & Platt (LEG): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Legget & Platt (LEG - Free Report) will report quarterly earnings of $0.21 per share in its upcoming release, pointing to a year-over-year decline of 19.2%. It is anticipated that revenues will amount to $1.03 billion, exhibiting a decline of 7.3% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 3.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Legget & Platt metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Trade sales- Furniture, Flooring and Textile Products' will reach $327.45 million. The estimate suggests a change of -5.9% year over year.
The average prediction of analysts places 'Trade sales- Specialized Products' at $299.20 million. The estimate indicates a change of -6.1% from the prior-year quarter.
Analysts expect 'Trade sales- Bedding Products' to come in at $407.43 million. The estimate suggests a change of -9.2% year over year.
The consensus among analysts is that 'Change in Organic Sales - Specialized Products' will reach -5.9%. Compared to the present estimate, the company reported 5% in the same quarter last year.
Analysts predict that the 'EBIT- Specialized Products' will reach $17.75 million. Compared to the current estimate, the company reported $32 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'EBIT- Furniture, Flooring and Textile Products' will likely reach $14.60 million. Compared to the current estimate, the company reported $31.90 million in the same quarter of the previous year.
View all Key Company Metrics for Legget & Platt here>>>
Shares of Legget & Platt have demonstrated returns of +3% over the past month compared to the Zacks S&P 500 composite's +2.1% change. With a Zacks Rank #2 (Buy), LEG is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>