Legget & Platt (LEG) Reports Next Week: What Awaits?

Core Viewpoint - Legget & Platt (LEG) is anticipated to report flat earnings of $0.23 per share for the quarter ended March 2025, with revenues expected to decline by 6.3$1.03 billion compared to the previous year [3][10]. Earnings Report Expectations - The earnings report is scheduled for April 28, 2025, and could influence the stock price positively if results exceed expectations, while a miss could lead to a decline [2]. - Management's discussion during the earnings call will be crucial in determining the sustainability of any immediate price changes and future earnings expectations [2]. Estimate Revisions - The consensus EPS estimate has been revised down by 3.23% over the last 30 days, indicating a collective reassessment by analysts [4]. - The Most Accurate Estimate for Legget & Platt is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -3.30%, suggesting a bearish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [8]. - However, Legget & Platt currently holds a Zacks Rank of 4, making it challenging to predict an earnings beat [11]. Historical Performance - In the last reported quarter, Legget & Platt met the consensus EPS estimate of $0.21, resulting in no surprise [12]. - The company has not surpassed consensus EPS estimates in any of the last four quarters [13]. Conclusion - Legget & Platt does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when making decisions regarding this stock ahead of the earnings release [16].