Leggett & Platt (LEG) Q4 Earnings Preview: Revenue Decline Expected
Key Expectations:
* Revenue: $1.03 billion (7.8% YoY decline)
* Adjusted EPS: $0.20 per share
Analyst Outlook:
* Analysts' estimates have remained largely unchanged over the past 30 days, indicating stability in earnings expectations.
* LEG has missed revenue estimates six times in the past two years.
Peer Comparisons:
* Mohawk Industries: flat revenue growth, beating expectations by 4.1%
* VF Corp: revenue up 1.9%, exceeding estimates by 1.2%
Market Sentiment:
* Consumer discretionary sector has seen positive sentiment, with share prices up 2.7% on average over the past month.
* LEG is down 2.7% during the same period, with an average analyst price target of $12 (current share price: $9.85).