Oppenheimer analyst Scott Schneeberger maintains $Pool Corp (POOL.US)$ with a buy rating, and adjusts the target price from $380 to $386.
According to TipRanks data, the analyst has a success rate of 61.3% and a total average return of 12.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Pool Corp (POOL.US)$'s main analysts recently are as follows:
Following quarterly results, it's observed that Pool Corp's Q3 adjusted EPS of $3.27 surpassed the anticipated figures, primarily due to operational excellence.
The firm's perspective on Pool Corp. maintains that the outlook 'remains largely intact,' anticipating a modestly improved revenue performance in FY24. However, a conservative stance is held for FY25, with projections of a subdued sales performance and ongoing operating expense pressure, which are attributed to the heightened costs associated with competition in the sector.
The company's Q3 earnings surpassed expectations, which is commendable given that new pool construction and renovations remain challenges. The quarterly results and the company's outlook presented few surprises. More crucially, the potential negative impact due to unfavorable weather in Florida and decreased demand for high-value items was contained.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
