Shares of building-related stocks are trading lower after Pool Corp. lowered its FY24 EPS forecast and issued a warning that discretionary pool spending to be hampered by the macroeconomic environment.
Portfolio Pulse from Benzinga Newsdesk
Shares of building-related stocks are trading lower after Pool Corp. lowered its FY24 EPS forecast and issued a warning that discretionary pool spending will be hampered by the macroeconomic environment.
June 25, 2024 | 2:55 pm
News sentiment analysis
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NEGATIVE IMPACT
Hayward Holdings, a company in the pool industry, is likely to be affected by Pool Corp.'s lowered forecast and warning about discretionary spending.
As a company in the pool industry, Hayward Holdings is likely to be negatively impacted by Pool Corp.'s forecast and spending warning.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Home Depot, a major retailer of building materials, may see reduced sales in pool-related products following Pool Corp.'s forecast.
Home Depot's sales in pool-related products may decline due to Pool Corp.'s lowered forecast and spending warning.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Lowe's, another major retailer of building materials, may also be affected by reduced pool-related sales following Pool Corp.'s forecast.
Lowe's sales in pool-related products may decline due to Pool Corp.'s lowered forecast and spending warning.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Pool Corp. lowered its FY24 EPS forecast and warned that discretionary pool spending will be impacted by the macroeconomic environment.
Pool Corp.'s lowered EPS forecast and warning about reduced discretionary spending directly impact its stock price negatively.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100