Specialty flooring retailer Floor & Decor (NYSE: FND) will be reporting earnings this Thursday after the bell. Here’s what you need to know.
Floor And Decor met analysts’ revenue expectations last quarter, reporting revenues of $1.21 billion, up 7.1% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ gross margin estimates but full-year revenue guidance meeting analysts’ expectations.
Is Floor And Decor a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Floor And Decor’s revenue to grow 5.4% year on year to $1.18 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.45 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Floor And Decor has missed Wall Street’s revenue estimates five times 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 to get a hint at how this quarter will unravel for home furnishing and improvement retail stocks. However, the whole sector has been hit hard over the last month as stocks in Floor And Decor’s peer group are down 2.1% on average. Floor And Decor is down 4.3% during the same time and is heading into earnings with an average analyst price target of $81.55 (compared to the current share price of $71.99).
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