Leslie’s (NASDAQ:LESL) Releases FY24 Earnings Guidance

Leslie’s (NASDAQ:LESL) updated its FY24 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.03-$0.09 for the period, compared to the consensus estimate of $0.08. The company issued revenue guidance of $1.321-$1.347 billion, compared to the consensus revenue estimate of $1.34 billion.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LESL. Loop Capital lowered their price objective on shares of Leslie’s from $6.00 to $3.00 and set a hold rating for the company in a research report on Friday, July 19th. Piper Sandler lowered 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. Telsey Advisory Group lowered their price objective on shares of Leslie’s from $6.00 to $4.00 and set a market perform rating for the company in a research report on Thursday, July 18th. Stifel Nicolaus downgraded shares of Leslie’s from a hold rating to a sell rating and lowered their price objective for the company from $5.25 to $2.50 in a research report on Thursday, July 18th. Finally, Jefferies Financial Group lowered their price objective on shares of Leslie’s from $5.00 to $4.00 and set a hold rating for the company in a research report on Wednesday, July 10th. 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. According to data from MarketBeat.com, Leslie’s currently has an average rating of Hold and a consensus target price of $3.96.

Leslie’s Trading Down 0.6 %

LESL stock traded down $0.02 on Monday, hitting $3.07. 2,805,443 shares of the company’s stock traded hands, compared to its average volume of 4,090,118. Leslie’s has a 1-year low of $2.42 and a 1-year high of $8.21. The stock has a market cap of $567.16 million, a price-to-earnings ratio of 38.63, a P/E/G ratio of 4.51 and a beta of 1.16. The stock has a fifty day moving average of $3.42 and a 200-day moving average of $5.05.

Leslie’s (NASDAQ:LESL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $569.64 million for the quarter, compared to analyst estimates of $569.99 million. Leslie’s had a net margin of 1.06% and a negative return on equity of 12.55%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, equities research analysts anticipate that Leslie’s will post 0.07 earnings per share for the current fiscal 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.