Recap: Leslies Q1 Earnings
Portfolio Pulse from Benzinga Insights
Leslies (NASDAQ:LESL) reported Q1 earnings, beating estimated earnings by 4.76% with an EPS of $-0.2 versus an estimate of $-0.21. However, revenue was down $21.14 million from the same period last year. In the previous quarter, LESL missed EPS estimates which led to a 10.14% drop in share price the following day. The company's past earnings performance shows variability in meeting EPS and revenue estimates.
February 01, 2024 | 9:10 pm
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Leslies reported Q1 earnings with a slight beat on EPS estimates but saw a decrease in revenue compared to last year. Previous quarters show mixed results in meeting estimates.
While Leslies beat the EPS estimate for Q1, the decrease in revenue and mixed past performance could lead to cautious optimism among investors. The slight beat on EPS might not be enough to significantly move the stock price in the short term, especially considering the historical context of a 10.14% drop in share price following a missed EPS estimate in the previous quarter.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100