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 EPS guidance of 0.320-0.330 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on LESL. Jefferies Financial Group lowered their target price on shares of Leslie’s from $5.00 to $4.00 and set a hold rating on the stock in a report on Wednesday, July 10th. Mizuho decreased their price objective on shares of Leslie’s from $7.00 to $6.00 and set a neutral rating for the company in a report on Thursday, May 9th. Piper Sandler lowered their target price on Leslie’s from $6.00 to $3.00 and set a neutral rating on the stock in a research note on Thursday. Stifel Nicolaus downgraded shares of Leslie’s from a hold rating to a sell rating and cut their price objective for the stock from $5.25 to $2.50 in a report on Thursday. Finally, Telsey Advisory Group reduced their target price on Leslie’s from $6.00 to $4.00 and set a market perform rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $4.74.

Leslie’s Stock Performance

NASDAQ LESL opened at $4.08 on Thursday. The firm’s 50 day moving average price is $4.63 and its 200-day moving average price is $5.79. The company has a market cap of $753.74 million, a PE ratio of 51.00, a P/E/G ratio of 0.61 and a beta of 1.16. Leslie’s has a 52-week low of $3.12 and a 52-week high of $8.21.

Leslie’s (NASDAQ:LESL) last announced its earnings results on Wednesday, May 8th. The company reported ($0.18) earnings per share for the quarter, hitting 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 firm had revenue of $188.66 million for the quarter, compared to the consensus estimate of $202.69 million. On average, analysts forecast that Leslie’s will post 0.25 earnings per share for the current fiscal year.

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.