S&P 500 (NYSE:SPY) component Leggett & Platt, Inc. (NYSE:LEG) will unveil its latest earnings tomorrow, Monday, February 4, 2013. Leggett & Platt manufactures a range of engineered components and products, including residential furnishings, commercial fixtures and components, and industrial materials.
Leggett & Platt, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 29 cents per share, a rise of 31.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 28 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 29 cents during the last month. Analysts are projecting profit to rise by 33% compared to last year’s $1.49.
Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 7 cents, reporting profit of 45 cents per share against a mean estimate of net income of 38 cents. In the second quarter, the company exceeded forecasts by 3 cents with profit of 39 cents versus a mean estimate of net income of 36 cents.
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A Look Back: In the third quarter, profit rose 46.5% to $65.8 million (45 cents a share) from $44.9 million (31 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4.4% to $982.2 million from $940.9 million.
Here’s how Leggett & Platt traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: