Floor And Decor (FND) Q2 Earnings Report Preview: What To Look For
Specialty flooring retailer Floor & Decor (NYSE:FND) will be reporting earnings tomorrow afternoon. Here's what to expect.
Floor And Decor missed analysts' revenue expectations by 1.5% last quarter, reporting revenues of $1.10 billion, down 2.2% year on year. It was a mixed quarter for the company, with a decent beat of analysts' earnings estimates but underwhelming earnings guidance for the full year.
Is Floor And Decor a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Floor And Decor's revenue to grow 1.5% year on year to $1.15 billion, slowing from the 4.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.51 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Floor And Decor has missed Wall Street's revenue estimates four times over the last two years.
With Floor And Decor being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for home furnishing and improvement retail stocks. However, there has been positive investor sentiment in the segment, with share prices up 3.7% on average over the last month. Floor And Decor's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $104.7 (compared to the current share price of $95.74).
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