Earnings Preview For Leggett & Platt
Leggett & Platt (NYSE: LEG) announces its next round of earnings Thursday. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement.
Earnings and Revenue
Analysts expect Leggett & Platt earnings of 62 cents per share. Revenue will likely be around $1.09 billion, according to the consensus estimate.
In the same quarter last year, Leggett & Platt announced EPS of 64 cents on revenue of $989.3 million. If the company were to match the consensus estimate, earnings would be down 3.13 percent. Revenue would be up 10.18 percent from the year-ago period. Leggett & Platt's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
| EPS Estimate | 4.91 | 0.61 | 0.6 | 0.65 |
| EPS Actual | 0.57 | 0.59 | 0.61 | 0.64 |
Stock Performance
Over the past 52-week period, shares of Leggett & Platt have declined 16.3 percent. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts have been rating Leggett & Platt stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Leggett & Platt's Q2 conference call is scheduled to begin at 8:00 a.m. ET and can be accessed here: https://leggett.gcs-web.com/
