SiteOne Landscape Supply Earnings Preview: What to Expect on October 30th
Get ready for a crucial day for SiteOne Landscape Supply investors! The company is set to unveil its latest quarterly earnings report on Wednesday, October 30th, 2024, and anticipation is high. While analysts predict an earnings per share (EPS) of $1.17, investors are eager to hear about both surpassing these estimates and receiving positive guidance for the next quarter.
Why Guidance Matters
For new investors, it’s important to understand that while earnings performance is crucial, market reactions often hinge on guidance. The company’s outlook for future quarters can significantly impact stock prices.
Looking Back at Past Performance
Let’s take a look at how SiteOne Landscape Supply has performed in recent quarters:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | 2.62 | 2.63 | -5.0% |
| Q1 2024 | -0.26 | -0.43 | 5.0% |
| Q4 2023 | -0.19 | -0.08 | 1.0% |
| Q3 2023 | 1.44 | 1.25 | 4.0% |
In the last quarter, the company slightly exceeded EPS estimates by $0.01, but the stock price dipped by 4.83% the following day, highlighting the importance of guidance.
Analyst Insights and Peer Comparisons
Investors always need to stay informed about market sentiments and expectations. Here’s what analysts are saying about SiteOne Landscape Supply:
*
Consensus Rating:
Neutral*
Average 1-Year Price Target:
$159.33 (potential 9.41% upside)To provide a broader perspective, let’s compare SiteOne Landscape Supply to its peers in the industry: Herc Hldgs, Beacon Roofing Supply, and Boise Cascade.
| Company | Consensus Rating | Average 1-Year Price Target | Potential Upside/Downside |
|—|—|—|—|
| SiteOne Landscape Supply | Neutral | $159.33 | 9.41% Upside |
| Herc Hldgs | Neutral | $223.50 | 53.47% Upside |
| Beacon Roofing Supply | Outperform | $110.75 | 23.95% Downside |
| Boise Cascade | Buy | $143.75 | 1.29% Downside |
Key Performance Metrics
Here’s a summary of key metrics for SiteOne Landscape Supply and its peers:
| Company | Consensus Rating | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| SiteOne Landscape Supply | Neutral | 4.45% | $510.30M | 7.88% |
| Herc Hldgs | Neutral | 6.28% | $385M | 8.59% |
| Beacon Roofing Supply | Outperform | 6.83% | $683.70M | 7.08% |
| Boise Cascade | Buy | -0.97% | $356.99M | 4.92% |
Key Takeaways:
* SiteOne Landscape Supply ranks in the middle for consensus rating among its peers.
* It sits at the bottom in terms of revenue growth.
* However, it boasts the highest gross profit and return on equity among the listed companies.
SiteOne Landscape Supply: A Deeper Dive
SiteOne Landscape Supply Inc is a leading supplier of tools and equipment, serving businesses across the green industry. The company’s product portfolio spans everything from irrigation supplies and fertilizer to landscape accessories, nursery goods, natural stones, outdoor lighting, and more.
Economic Impact Analysis:
*
Market Capitalization:
The company exhibits a lower market capitalization profile, indicating a smaller scale compared to its peers.*
Revenue Growth:
SiteOne Landscape Supply has achieved a notable 4.45% revenue growth rate as of June 30th, 2024.*
Net Margin:
The company’s net margin of 8.5% lags behind industry averages, suggesting potential challenges in cost management.*
Return on Equity (ROE):
With an impressive 7.88% ROE, SiteOne Landscape Supply demonstrates efficient utilization of shareholder equity capital.*
Return on Assets (ROA):
At 3.9%, the company’s ROA surpasses industry benchmarks, signifying effective asset management and strong financial health.*
Debt Management:
A debt-to-equity ratio of 0.64 indicates a balanced debt approach.Stay Tuned for the Earnings Release
To stay updated on all earnings releases for SiteOne Landscape Supply, visit their earnings calendar. Be sure to check back for an analysis of the actual earnings report and its impact on the stock price.
