Leggett & Platt (LEG) Reports Earnings Tomorrow: What To Expect

Manufacturing company Leggett & Platt (NYSE:LEG) will be reporting results this Wednesday after the bell. Here’s what to look for.

Leggett & Platt beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $1.04 billion, down 5.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ adjusted operating income estimates but full-year revenue guidance slightly missing analysts’ expectations.

Is Leggett & Platt a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Leggett & Platt’s revenue to decline 11.1% year on year to $938.7 million, a further deceleration from the 5.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.23 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Leggett & Platt has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Leggett & Platt’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. MasterCraft delivered year-on-year revenue growth of 13.2%, beating analysts’ expectations by 4.1%, and Tapestry reported revenues up 14%, topping estimates by 7.7%. MasterCraft traded up 8.6% following the results while Tapestry was also up 17.1%.

Read our full analysis of MasterCraft’s results here and Tapestry’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.5% on average over the last month. Leggett & Platt is up 3.3% during the same time and is heading into earnings with an average analyst price target of $12.50 (compared to the current share price of $12.63).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.