Leggett & Platt Inc reports results for the quarter ended in March - Earnings Summary
01/05/2024 24:17
* Leggett & Platt Inc LEG.N reported quarterly adjusted
earnings
of 23 cents per share for the quarter ended in March, 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 24 cents per share. Wall Street
expected results to range from 22 cents to 26 cents per share.
* Revenue fell 9.6% to $1.10 billion from a year ago;
analysts
expected $1.11 billion.
* Leggett & Platt Inc's reported EPS for the quarter was 23
cents.
* The company reported quarterly net income of $31.6
million.
* Leggett & Platt Inc shares had fallen by 4.3% this
quarter and
lost 30.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 20.7%
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 $16.00
This summary was machine generated from LSEG data April 30 at
11:17 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
Mar. 31 2024 0.24 0.23 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