Leggett & Platt: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Leggett & Platt (NYSE:LEG) reported Q4 earnings with an EPS of $0.26, missing estimates by 3.7% and showing a revenue decline of $81 million from the previous year. This follows a pattern of missed EPS estimates in previous quarters, with a notable 1.35% share price drop after last quarter's earnings miss.
February 08, 2024 | 9:20 pm
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Leggett & Platt reported a Q4 earnings miss and a year-over-year revenue decline, continuing a trend of not meeting EPS estimates.
Given the history of stock price decline following earnings misses, as seen in the last quarter with a 1.35% drop, it's likely that LEG's stock price will face downward pressure in the short term. The consistent pattern of not meeting EPS estimates and the year-over-year revenue decline further support this outlook.
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IMPORTANCE 90
RELEVANCE 100