Leggett & Platt Q2 EPS $0.40 Beats $0.39 Estimate, Sales $1.22B Miss $1.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
Leggett & Platt reported Q2 earnings of $0.40 per share, beating the analyst consensus estimate of $0.39 by 2.56%. However, this is a 42.86% decrease from the same period last year. The company's quarterly sales of $1.22 billion missed the analyst consensus estimate of $1.24 billion by 1.61%, marking an 8.47% decrease from the same period last year.
July 31, 2023 | 8:35 pm
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NEGATIVE IMPACT
Leggett & Platt's Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
Leggett & Platt's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimates, are negative indicators that could potentially lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100