Stock Analysis
- United States
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- NYSE:LEG
Leggett & Platt Third Quarter 2024 Earnings: EPS Beats Expectations
Leggett & Platt (NYSE:LEG) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$1.10b (down 6.3% from 3Q 2023).
- Net income: US$44.9m (down 15% from 3Q 2023).
- Profit margin: 4.1% (down from 4.5% in 3Q 2023).
- EPS: US$0.33 (down from US$0.39 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Leggett & Platt EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%.
Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the US.
Performance of the American Consumer Durables industry.
The company's shares are up 2.5% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Leggett & Platt (1 shouldn't be ignored!) that you should be aware of before investing here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:LEG
Leggett & Platt
Designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally.