Earnings Preview: SiteOne Landscape (SITE) Q2 Earnings Expected to Decline

Core Insights - The upcoming earnings report for SiteOne Landscape is expected to show a year-over-year decline in earnings despite an increase in revenues, which could significantly impact stock price depending on actual results compared to estimates [4][7]. Earnings Estimates - The consensus EPS estimate for SiteOne Landscape is projected at $2.50 per share, reflecting a year-over-year decrease of 7.8% [8]. - Revenues are anticipated to reach $1.38 billion, representing a 2% increase from the same quarter last year [5]. Estimate Revisions - Over the past 30 days, the consensus EPS estimate has been revised down by 2.42%, indicating a reassessment by analysts [2]. - The Most Accurate Estimate for SiteOne Landscape is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +3.41%, suggesting a more optimistic outlook from analysts [18]. Historical Performance - In the last four quarters, SiteOne Landscape has beaten consensus EPS estimates twice [11]. - The company had a significant negative surprise in the last reported quarter, where it was expected to post a loss of $0.27 per share but actually reported a loss of $0.43, resulting in a surprise of -59.26% [20]. Investment Considerations - Despite the positive Earnings ESP, SiteOne Landscape does not appear to be a compelling earnings-beat candidate, and investors should consider other factors before making investment decisions [22].