Leggett & Platt 2Q Earnings Pregame Scorecard
After falling below Wall Street expectations last quarter, Leggett & Platt (NYSE:LEG) will report its latest results on Thursday.
Analysts currently expect Leggett & Platt to come in with earnings of 36 cents per share on revenues of $978.9 million. Estimates from analysts range from earnings per share to earnings per share. The average estimate has shown no movement over the last three months.
Recently, the stock price has been rising Since July 10, 2012 business days the stock has risen 74 cents per share. Looking at change over the last three months, April 25, 2012 and July 20, 2012, the stock price fell $2 (-8.5%), from $23.60 to $21.60.
Company Fundamental Trends
Analysts think investors should stand pat on Leggett & Platt with three of six analysts rating it hold. The average analyst rating of the stock has stayed unchanged from three months prior.
Last Quarter's Results
In the first quarter, profit fell 2.2% to $44 million (30 cents a share) from $45 million (30 cents a share) the year earlier, missing analyst expectations. Revenue rose 5.7% to $946.8 million from $895.8 million.
Reporting Period: 2Q
Date of Release: Thursday, July 26, 2012 before market open
EPS: 36 cents
Revenue Estimate: $978.9 million
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)