Legget & Platt (LEG) Expected to Beat Earnings Estimates: Should You Buy?

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings and revenues for Legget & Platt in the upcoming earnings report, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The earnings report is expected on October 27, with a consensus estimate of $0.30 per share, reflecting a -6.3% change year-over-year. Revenues are projected at $1.03 billion, down 6.8% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +3.33% for Legget & Platt, suggesting analysts have recently become more optimistic about the company's earnings prospects [12]. Historical Performance - In the last reported quarter, Legget & Platt exceeded the expected earnings of $0.29 per share by delivering $0.30, resulting in a surprise of +3.45%. Over the last four quarters, the company has beaten consensus EPS estimates twice [13][14]. Investment Considerations - While a potential earnings beat is a positive indicator, other factors may influence stock performance, making it essential to consider the broader context [15][17].