Pool Corp. Fourth Quarter Results Preview
Net Income Forecast The wholesale distributor of pool supplies is anticipated to report a profit of $49.6 million, a decrease from $71.9 million in the same period last year.
Adjusted Earnings Projection Pool Corp. is expected to disclose adjusted earnings of $1.27 a share, according to analyst estimates.
Revenue Expectation Fourth-quarter revenue is forecasted to be $1.02 billion, down from $1.1 billion in the previous year.
Market Performance The stock price experienced a 12% increase during the quarter and is currently trading at $385.99 per share.
Key Points to Monitor
2024 Forecast As the smallest revenue quarter for Pool Corp., the fourth quarter results may not reveal much. However, expectations are high for the company’s 2024 forecast, given last year’s challenges in the industry due to various economic factors.
Industry Trends Analysts are closely watching for signs of improvement in the pool industry, with recent data suggesting a decline in spending but a gradual recovery. Manufacturers are expected to see a turnaround in sales as inventory levels stabilize.
For more insights on Pool Corp.’s performance and industry outlook, stay tuned for the upcoming quarterly report.