Leggett & Platt Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Leggett & Platt, Inc. (NYSE:LEG) will unveil its latest earnings on Monday, February 6, 2012. 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 estimate of analysts is for net income of 21 cents per share, no change from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 2.6% versus last year to $1.19.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of 31 cents per share against an estimate of net income of 36 cents per share. The quarter before that, it missed expectations by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $826.3 million in revenue this quarter, a rise of 3% from the year ago quarter. Analysts are forecasting total revenue of $3.61 billion for the year, a rise of 7.4% from last year’s revenue of $3.36 billion.

Analyst Ratings: Analysts seem relatively indifferent about Leggett & Platt with four of six analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit fell 5.3% to $44.9 million (31 cents a share) from $47.4 million (31 cents a share) the year earlier, missing analyst expectations. Revenue rose 8.6% to $940.9 million from $866.5 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 8.1% in the second quarter from the year earlier, climbed 9.7% in the first quarter from the year-ago quarter and 4.2% in the fourth quarter of the last fiscal year.

The decrease in profit in the third quarter came after net income rose in the previous quarter. In the second quarter, net income rose 3.8%.

Stock Price Performance: During January 25, 2012 to January 31, 2012, the stock price had dropped $1.87 (-8%) from $23.33 to $21.46. The stock price saw one of its best stretches over the last year between December 14, 2011 and December 27, 2011 when shares rose for nine-straight days, rising 10.9% (+$2.34) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 7.7% (-$1.85) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com