SiteOne Landscape Supply Inc reports results for the quarter ended in June - Earnings Summary

SiteOne Landscape Supply

31/07/2024 15:22

* SiteOne Landscape Supply Inc  SITE.N  reported quarterly
adjusted earnings of $2.63​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of $2.71.  The mean expectation of nine analysts
for the quarter was for earnings of $2.54 per share. Wall Street
expected results to range from $2.32  to $2.66 per share.
    * Revenue rose 4.4% to $1.41 billion from a year ago;
analysts
expected $1.39 billion. 
    * SiteOne Landscape Supply Inc's reported EPS for the
quarter was
$2.63​.
    * The company reported quarterly net income of $120.2
million.
    * SiteOne Landscape Supply Inc shares had risen by 18.3%
this
quarter and lost 11.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the fishing &
farming
peer group is also "buy"

Wall Street's median 12-month price target for SiteOne Landscape
Supply Inc is $145.00 
This summary was machine generated from LSEG data July 31 at
02:22 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
 Jun. 30 2024      2.54           2.63           Beat
 Mar. 31 2024      -0.26          -0.43          Missed
 Dec. 31 2023      -0.18          -0.08          Beat
 Sep. 30 2023      1.45           1.25           Missed