Leslie’s (NASDAQ:LESL) Issues Q3 2024 Earnings Guidance

Leslie’s (NASDAQ:LESL) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.320-0.330 for the period, compared to the consensus estimate of 0.420. The company issued revenue guidance of $570.0 million-$570.0 million, compared to the consensus revenue estimate of $615.4 million. Leslie’s also updated its FY 2024 guidance to 0.030-0.090 EPS.

Leslie’s Price Performance

Shares of LESL stock traded down $0.01 on Wednesday, hitting $4.08. The stock had a trading volume of 3,228,840 shares, compared to its average volume of 3,780,902. The company’s 50 day moving average price is $4.65 and its 200-day moving average price is $5.80. Leslie’s has a 1 year low of $3.12 and a 1 year high of $8.21. The firm has a market capitalization of $753.74 million, a P/E ratio of 51.13, a P/E/G ratio of 0.53 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last released its earnings results on Wednesday, May 8th. The company reported ($0.18) EPS for the quarter, meeting the consensus estimate of ($0.18). Leslie’s had a negative return on equity of 12.55% and a net margin of 1.06%. The company had revenue of $188.66 million during the quarter, compared to analysts’ expectations of $202.69 million. On average, equities analysts forecast that Leslie’s will post 0.25 EPS for the current year.

Analyst Ratings Changes

LESL has been the topic of several analyst reports. Telsey Advisory Group reissued a market perform rating and set a $6.00 target price on shares of Leslie’s in a research report on Thursday, May 9th. Jefferies Financial Group decreased their price target on shares of Leslie’s from $5.00 to $4.00 and set a hold rating on the stock in a research report on Wednesday, July 10th. Finally, Mizuho cut their price objective on shares of Leslie’s from $7.00 to $6.00 and set a neutral rating for the company in a research report on Thursday, May 9th. Nine equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $5.79.

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.