These Analysts Revise Their Forecasts On Floor & Decor After Q2 Results
Portfolio Pulse from Lisa Levin
Floor & Decor Holdings, Inc. (NYSE:FND) reported Q2 earnings of 66 cents per share, in line with market expectations, and sales of $1.14 billion, slightly below estimates of $1.15 billion. Following the announcement, Telsey Advisory Group raised its price target from $85 to $105, while Citigroup cut its target from $133 to $122. FND shares fell 7% in pre-market trading.
August 04, 2023 | 3:17 pm
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Floor & Decor's Q2 results were mixed, leading to a 7% drop in pre-market trading. Analysts have revised their price targets, with Telsey raising and Citigroup cutting theirs.
Floor & Decor's Q2 results were in line with earnings expectations but slightly missed on sales. This mixed performance, along with revised price targets from analysts, likely contributed to the 7% drop in pre-market trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100