Specialty flooring retailer Floor & Decor (NYSE:FND) will be announcing earnings results tomorrow after market hours. Here's what to expect.
Last quarter Floor And Decor reported revenues of $1.14 billion, up 4.23% year on year, missing analyst expectations by 1.15%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.
Is Floor And Decor buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Floor And Decor's revenue to grow 2.33% year on year to $1.12 billion, slowing down from the 25.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.56 per share.
The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing eleven downward revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.
With Floor And Decor being the first among its peers to report earnings this season, we don't have anywhere else to look at to get a hint at how this quarter will unravel for home furnishing and improvement retail stocks, but investors in the segment have had steady hands going into the earnings, with the stocks down on average 0.91% over the last month. Floor And Decor is down 4.89% during the same time, and is heading into the earnings with analyst price target of $98.1, compared to share price of $82.32.
The author has no position in any of the stocks mentioned.
