Leggett & Platt Expects Q4 Sales of $1.09B-$1.14B (Est. $1.175B), Adjusted EPS Of $0.22-$0.32 (Est. $0.36)
Portfolio Pulse from Benzinga Newsdesk
Leggett & Platt has projected its Q4 sales to be between $1.09B and $1.14B, which is lower than the estimated $1.175B. The company also expects its adjusted EPS to be between $0.22 and $0.32, lower than the estimated $0.36.
October 30, 2023 | 9:08 pm
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NEGATIVE IMPACT
Leggett & Platt's lower than expected Q4 sales and adjusted EPS projections may negatively impact its stock price in the short term.
Leggett & Platt's projected Q4 sales and adjusted EPS are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100