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Legget & Platt (LEG) Reports Next Week: Wall Street Expects Earnings Growth

Legget & Platt (LEG) Reports Next Week: Wall Street Expects Earnings Growth

Legget&Platt(LEG)下週報告:華爾街預計收益增長
Zacks Equity Research ·  2020/01/27 00:00

Legget & Platt (LEG-Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2019. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Legget&Platt(無腿報告)預計在公佈截至2019年12月的季度業績時,收入增加,收益將同比增長。這一廣為人知的共識前景讓人對該公司的盈利前景有了很好的瞭解,但實際業績與這些預期的比較是一個可能影響其近期股價的強大因素。

The earnings report, which is expected to be released on February 3, 2020, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

預計將於2020年2月3日發佈的收益報告,如果這些關鍵數據好於預期,可能會幫助該股走高。另一方面,如果他們失手,股價可能會走低。

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

雖然當前價格變化和未來收益預期的可持續性將在很大程度上取決於管理層在財報電話會議上對商業狀況的討論,但值得阻止每股收益出現積極驚喜的可能性。

Zacks Consensus Estimate

扎克共識估計

This engineered component manufacturer is expected to post quarterly earnings of $0.66 per share in its upcoming report, which represents a year-over-year change of +6.5%.

這家工程零部件製造商預計將在即將發佈的報告中公佈季度每股收益0.66美元,同比增長+6.5%。

Revenues are expected to be $1.16 billion, up 10.6% from the year-ago quarter.

營收預計為11.6億美元,較上年同期增長10.6%。

Estimate Revisions Trend

預估修正趨勢

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

對該季度每股收益的普遍估計在過去30天裏保持不變。這實質上反映了覆蓋分析師是如何集體重新評估這段時期的初步預估的。

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

投資者應該記住,總的變化可能並不總是反映每個覆蓋分析師的估計修正的方向。

Price, Consensus and EPS Surprise

價格、共識與每股驚喜

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Earnings Whisper

收益竊竊私語

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

在一家公司發佈財報之前進行的預估修正,為即將公佈財報的那段時期的商業狀況提供了線索。這一洞察力是我們專有的意外預測模型--ZACKS收益ESP(預期意外預測)的核心。

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Zacks收益ESP將最準確的預估與Zacks對本季度的普遍預估進行比較;最準確的預估是最近版本的Zacks Consensus EPS預估。這裏的想法是,分析師在財報發佈前修改他們的估計時,擁有最新的信息,這些信息可能比他們和其他促成共識的人早些時候預測的更準確。

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

因此,正的或負的收益ESP讀數理論上表明實際收益可能偏離普遍估計。然而,該模型的預測能力只對正ESP讀數有重要意義。

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

積極的盈利ESP是盈利節拍的有力預測指標,特別是當與Zacks排名1(強力買入)、2(買入)或3(持有)相結合時。我們的研究表明,具有這種組合的股票有近70%的時間會產生積極的驚喜,而扎克排名的穩固實際上增加了盈利ESP的預測能力。

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

請注意,盈利ESP讀數為負並不表示盈利未達預期。我們的研究表明,對於盈利為負的ESP讀數和/或Zacks Rank為4(賣出)或5(賣出強勁)的股票,很難有任何程度的信心預測收益節拍。

How Have the Numbers Shaped Up for Legget & Platt?

Legget&Platt的數字是如何形成的?

For Legget & Platt, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

對於Legget&Platt,最準確的估計與Zacks共識估計相同,這表明最近沒有分析師的觀點與人們認為的得出共識估計的觀點不同。這導致收益ESP為0%。

On the other hand, the stock currently carries a Zacks Rank of #3.

另一方面,該股目前的扎克斯排名(Zacks Rank)為3。

So, this combination makes it difficult to conclusively predict that Legget & Platt will beat the consensus EPS estimate.

因此,這種組合使得很難最終預測Legget&Platt將超過普遍的每股收益預期。

Does Earnings Surprise History Hold Any Clue?

盈利出人意料的歷史有什麼線索嗎?

Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

分析師在計算對未來收益的預期時,經常會考慮一家公司在多大程度上能夠在多大程度上符合過去的普遍預期。因此,值得看看這段令人驚訝的歷史,以衡量它對即將到來的數字的影響。

For the last reported quarter, it was expected that Legget & Platt would post earnings of $0.67 per share when it actually produced earnings of $0.76, delivering a surprise of +13.43%.

在最後一個季度,預計Legget&Platt公佈的每股收益為0.67美元,而實際收益為0.76美元,出人意料地達到了+13.43%。

Over the last four quarters, the company has beaten consensus EPS estimates three times.

在過去的四個季度裏,該公司三次超過了普遍的每股收益預期。

Bottom Line

底線

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

盈利的漲跌可能不是一隻股票走高或走低的唯一基礎。儘管由於其他令投資者失望的因素導致盈利節節攀升,但許多股票最終還是下跌了。同樣,儘管業績不佳,但不可預見的催化劑幫助一些股票上漲。

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

也就是説,押注那些預期將超過盈利預期的股票確實會增加成功的機率。這就是為什麼在季度發佈之前,有必要檢查一家公司的收益、ESP和Zacks排名。一定要利用我們的收益ESP過濾器,在報告發布前發現最適合買入或賣出的股票。

Legget & Platt doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Legget&Platt看起來並不是一個令人信服的盈利勝利者。然而,投資者也應該注意其他因素,以便在財報發佈之前押注於該股或遠離該股。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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