Leggett & Platt Inc expected to post earnings of 48cents a share - Earnings Preview

Leggett & Platt

03/02/2023 21:37

* Leggett & Platt Inc  LEG.N   LEG  is expected to show a
fall in
quarterly revenue when it reports  results on February 6. 
    * The Carthage Missouri-based  company is expected to report
 a
7.3% decrease in revenue to $1.236 billion from $1.33 billion a
year ago, according to the mean estimate from 4 analysts, based
on Refinitiv data. The company's guidance on October 31 2022,
for the period ended December 31, was for revenue between $1.15
billion and $1.25 billion.
    * ​Refinitiv's mean analyst estimate for Leggett & Platt Inc
is
for earnings of 48 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Leggett &
Platt
Inc is $35​, below​ its last closing price of $38.04. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  0.49        0.50       0.52      Beat    5.1
 Jun. 30 2022  0.69        0.70       0.70      Met     0
 Mar. 31 2022  0.56        0.56       0.66      Beat    17.9​
 Dec. 31 2021  0.73        0.73       0.77      Beat    5.8
 ​​Sep.        0.77        0.77       0.71      Missed  -7.5
 30 2021                                                
 Jun. 30 2021  0.56        0.54       0.66      Beat    22.2​
 Mar. 31 2021  0.43        0.43       0.64      Beat    50.6
 Dec. 31 2020  0.68        0.70       0.76      Beat    8.6
 This summary was machine generated February 3 at 21:37 GMT.  All
figures in US dollars  unless otherwise stated