Why Pool Corp Shares Are Sliding Today
Portfolio Pulse from Lekha Gupta
Pool Corp reported Q3 FY23 results with sales declining by 9% Y/Y to $1.474 billion, beating the consensus of $1.460 billion. EPS was down 27% Y/Y at $3.51, beating the consensus of $3.47. The company narrowed its FY23 EPS outlook to $13.15-$13.65. The company's shares are down 1.47% at $331.78.
October 19, 2023 | 1:58 pm
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NEGATIVE IMPACT
Pool Corp reported a decline in Q3 FY23 sales and EPS, but both figures beat consensus estimates. The company also narrowed its FY23 EPS outlook. Shares are down 1.47%.
Despite beating consensus estimates, Pool Corp reported a decline in sales and EPS for Q3 FY23, which is likely to negatively impact investor sentiment and put downward pressure on the stock price in the short term. The company also narrowed its FY23 EPS outlook, which could further impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100