Swimming pool distributor Pool (NASDAQ:POOL) will be reporting earnings this Thursday before market hours. Here’s what investors should know.
Pool met analysts’ revenue expectations last quarter, reporting revenues of $1.82 billion, up 2.2% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and full-year EPS guidance missing analysts’ expectations.
Is Pool a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Pool’s revenue to grow 1.7% year on year, in line with the 1.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Pool has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Pool’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Hasbro delivered year-on-year revenue growth of 15%, beating analysts’ expectations by 7.9%, and Levi's reported revenues up 4.3%, in line with consensus estimates. Levi's traded down 2.4% following the results.
Read our full analysis of Hasbro’s results here and Levi’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. Pool is up 1.9% during the same time and is heading into earnings with an average analyst price target of $198.25 (compared to the current share price of $171.08).
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