Specialty flooring retailer Floor & Decor (NYSE:FND) will be announcing earnings results tomorrow after market close. Here’s what to expect.
Floor And Decor missed analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $1.13 billion, flat year on year. It was a slower quarter for the company, with full-year revenue and earnings guidance missing analysts’ expectations.
Is Floor And Decor a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Floor And Decor’s revenue to grow 2.6% year on year to $1.14 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.43 per share.
The majority of analysts covering the company have 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 5% on average. Floor And Decor is down 18% during the same time and is heading into earnings with an average analyst price target of $103.46 (compared to the current share price of $101.84).
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