Leggett & Platt LEG reported its Q2 earnings results on Monday, August 1, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Leggett & Platt reported in-line EPS of $0.7 versus an estimate of $0.7.
Revenue was up $64.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 5.94% increase in the share price the next day.
Here's a look at Leggett & Platt's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.56 | 0.73 | 0.78 | 0.54 |
EPS Actual | 0.66 | 0.77 | 0.71 | 0.66 |
Revenue Estimate | 1.26B | 1.29B | 1.32B | 1.23B |
Revenue Actual | 1.32B | 1.33B | 1.32B | 1.27B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Leggett & Platt management provided guidance for FY 2022, expecting earnings between $2.65 and $2.8 per share.
To track all earnings releases for Leggett & Platt visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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