Leslie’s (NASDAQ:LESL) Issues FY 2024 Earnings Guidance

Leslie’s (NASDAQ:LESL) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.250-0.330 for the period, compared to the consensus earnings per share estimate of 0.280. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Leslie’s also updated its FY24 guidance to $0.25-$0.33 EPS.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed a market perform rating and set a $6.00 target price on shares of Leslie’s in a report on Friday, May 3rd. William Blair reiterated a market perform rating on shares of Leslie’s in a research note on Friday, February 2nd. Mizuho started coverage on Leslie’s in a research report on Tuesday, March 19th. They issued a neutral rating and a $7.00 target price on the stock. Loop Capital lifted their target price on Leslie’s from $6.00 to $8.00 and gave the company a hold rating in a research note on Tuesday, March 5th. Finally, Stifel Nicolaus boosted their price target on shares of Leslie’s from $5.40 to $6.30 and gave the stock a hold rating in a research report on Friday, February 2nd. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Leslie’s currently has an average rating of Hold and a consensus price target of $6.37.

Leslie’s Trading Down 4.5 %

Shares of LESL stock traded down $0.22 during trading hours on Wednesday, hitting $4.69. The company’s stock had a trading volume of 7,010,220 shares, compared to its average volume of 3,284,371. The business has a fifty day moving average of $5.87 and a 200-day moving average of $6.14. The stock has a market cap of $865.35 million, a price-to-earnings ratio of 46.90, a P/E/G ratio of 0.73 and a beta of 1.06. Leslie’s has a twelve month low of $3.79 and a twelve month high of $11.68.

About Leslie’s

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.