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

Leggett & Platt

02/08/2024 03:38

* Leggett & Platt Inc  LEG.N  reported quarterly adjusted
earnings
of 29 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 38 cents.  The mean expectation of four analysts for the
quarter was for earnings of 30 cents per share. Wall Street
expected results to range from 27 cents to 32 cents per share.
    * Revenue fell 7.6% to $1.13 billion from a year ago;
analysts
expected $1.13 billion. 
    * Leggett & Platt Inc's reported EPS for the quarter was a
loss of
$4.39​.
    * The company reported a quarterly loss of $602.2 million.
    * Leggett & Platt Inc shares had risen by 14.9% this
quarter and
lost 49.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $11.00 
This summary was machine generated from LSEG data August 2 at
02:38 a.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
 Jan. 1 0001       0.30           0.29           Missed
 Jan. 1 0001       0.24           0.23           Missed
 Dec. 31 2023      0.27           0.26           Missed
 Sep. 30 2023      0.40           0.36           Missed