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

Leslie’s (NASDAQ:LESL) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.32-0.33 for the period, compared to the consensus EPS estimate of $0.42. The company issued revenue guidance of approx $570 million, compared to the consensus revenue estimate of $614.65 million. Leslie’s also updated its FY24 guidance to $0.03-0.09 EPS.

Leslie’s Price Performance

LESL stock traded down $0.01 during trading on Wednesday, reaching $4.08. The company had a trading volume of 3,163,862 shares, compared to its average volume of 3,780,442. Leslie’s has a 52 week low of $3.12 and a 52 week high of $8.21. The company has a market cap of $753.74 million, a P/E ratio of 51.13, a PEG ratio of 0.53 and a beta of 1.16. The business has a 50 day moving average of $4.65 and a 200 day moving average of $5.80.

Leslie’s (NASDAQ:LESL) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.18) EPS for the quarter, meeting analysts’ consensus estimates of ($0.18). Leslie’s had a net margin of 1.06% and a negative return on equity of 12.55%. The firm had revenue of $188.66 million for the quarter, compared to analysts’ expectations of $202.69 million. Research analysts expect that Leslie’s will post 0.25 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on LESL shares. Telsey Advisory Group reaffirmed a market perform rating and set a $6.00 target price on shares of Leslie’s in a research note on Thursday, May 9th. Jefferies Financial Group dropped their price target on shares of Leslie’s from $5.00 to $4.00 and set a hold rating for the company in a research note on Wednesday, July 10th. Finally, Mizuho dropped their price target on shares of Leslie’s from $7.00 to $6.00 and set a neutral rating for the company in a research note on Thursday, May 9th. Nine research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of Hold and an average 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.