Leggett & Platt Inc reports results for the quarter ended in December - Earnings Summary

Leggett & Platt

08/02/2024 22:43

* Leggett & Platt Inc  LEG.N  reported quarterly adjusted
earnings
of 26 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 39 cents.  The mean expectation of four analysts for the
quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 26 cents to 29 cents per share.
    * Revenue fell 6.7% to $1.12 billion from a year ago;
analysts
expected $1.11 billion. 
    * Leggett & Platt Inc's reported EPS for the quarter was a
loss of
$2.18​.
    * The company reported a quarterly loss of $297.4 million.
    * Leggett & Platt Inc shares had fallen by 11.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the home
furnishings
peer group is also "hold"

Wall Street's median 12-month price target for Leggett & Platt
Inc is $24.00 
This summary was machine generated from LSEG data February 8 at
10:43 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.27           0.26           Missed
 Sep. 30 2023      0.40           0.36           Missed
 Jun. 30 2023      0.39           0.38           Missed
 Mar. 31 2023      0.26           0.39           Beat