Why Legget & Platt (LEG) Could Beat Earnings Estimates Again

Core Insights - Legget & Platt (LEG) is positioned to continue its earnings-beat streak, having surpassed earnings estimates in the last two quarters by an average of 3.90% [1][5] Earnings Performance - In the most recent quarter, Legget & Platt reported earnings of $0.30 per share against an expectation of $0.29, resulting in a surprise of 3.45% [2] - For the previous quarter, the company reported $0.24 per share, exceeding the consensus estimate of $0.23, which represented a surprise of 4.35% [2] Earnings Estimates and Predictions - Recent estimates for Legget & Platt have been trending upward, with a positive Earnings ESP of +3.33%, indicating bullish sentiment among analysts regarding the company's earnings prospects [5][8] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data showing that such combinations lead to positive surprises nearly 70% of the time [6][8] Earnings ESP Explanation - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions prior to an earnings release [7] - A positive Earnings ESP enhances the predictive power for earnings surprises, while a negative value does not necessarily indicate an earnings miss [9] Upcoming Earnings Report - Legget & Platt's next earnings report is anticipated to be released on October 27, 2025 [8]