Leslie’s (NASDAQ:LESL) Releases FY 2024 Earnings Guidance

Leslie’s (NASDAQ:LESL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.030-0.090 for the period, compared to the consensus EPS estimate of 0.080. The company issued revenue guidance of $1.3 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Wall Street Analysts Forecast Growth

LESL has been the topic of a number of recent analyst reports. Telsey Advisory Group restated a market perform rating and issued a $4.00 price objective on shares of Leslie’s in a research note on Tuesday, August 27th. Jefferies Financial Group dropped their price target on Leslie’s from $5.00 to $4.00 and set a hold rating on the stock in a research note on Wednesday, July 10th. Piper Sandler reduced their price objective on shares of Leslie’s from $6.00 to $3.00 and set a neutral rating for the company in a research report on Thursday, July 18th. Bank of America dropped their price objective on shares of Leslie’s from $6.40 to $5.15 and set a buy rating on the stock in a research report on Thursday, July 18th. Finally, Mizuho reduced their target price on shares of Leslie’s from $6.00 to $4.00 and set a neutral rating for the company in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $3.96.

Leslie’s Stock Up 7.3 %

NASDAQ LESL opened at $3.22 on Thursday. The firm has a 50-day moving average price of $3.19 and a two-hundred day moving average price of $4.79. Leslie’s has a 12-month low of $2.42 and a 12-month high of $8.21. The company has a market capitalization of $594.87 million, a P/E ratio of 37.50, a P/E/G ratio of 8.23 and a beta of 1.16.

Leslie’s (NASDAQ:LESL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Leslie’s had a negative return on equity of 6.11% and a net margin of 0.22%. The business had revenue of $569.64 million during the quarter, compared to analysts’ expectations of $569.99 million. During the same period in the previous year, the company posted $0.40 earnings per share. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. Equities analysts expect that Leslie’s will post 0.04 EPS for the current year.

About Leslie’s

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.