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Leggett & Platt's Q2 Earnings Outlook

Benzinga Newsdesk

Leggett & Platt (NYSE: LEG) releases its next round of earnings this Monday, July 29. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.

Earnings and Revenue

Sell-side analysts expect Leggett & Platt's EPS to be near 64 cents on sales of $1.28 billion.

In the same quarter last year, Leggett & Platt posted EPS of 63 cents on sales of $1.10 billion. The analyst consensus estimate would represent a 1.59% increase in the company's EPS figure. Revenue would be up 16.05% from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

View more earnings on LEG

Quarter

Q1 2019

Q4 2018

Q3 2018

Q2 2018

EPS Estimate

0.530

0.54

0.71

0.62

EPS Actual

0.490

0.62

0.67

0.63

Stock Performance

Shares of Leggett & Platt are trading at $39.31. Over the last 52-week period, shares are down 11.66%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Analysts have adjusted their estimates higher 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.

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