Stifel analyst W. Andrew Carter maintains $Leslie's (LESL.US)$ with a sell rating, and maintains the target price at $2.25.
According to TipRanks data, the analyst has a success rate of 55.1% and a total average return of 7.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Leslie's (LESL.US)$'s main analysts recently are as follows:
After Leslie's reported fiscal Q4 adjusted earnings per share below expected levels, influenced by lower revenue and operating margin, forecasts for FY25 adjusted EBITDA were reduced by 14% to accommodate lowered gross margin expectations. Nonetheless, expectations for revenue improvement and gross margin expansion in FY25 support a positive outlook.
The firm summarized that the fourth quarter ended another challenging year, with a softer gross margin leading to a 25% adjusted EBITDA shortfall. It was also highlighted that the first quarter is an off-season period and the management's outlook for gross margins fell significantly short of expectations.
Note:
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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.
