Pool Corporation (NASDAQ:POOL) is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.18 per share.
Looking ahead, the full year income are expected at $ 7.54 per share on the revenues of $ 3599.22 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 7.05 ~ $ 7.45 per share
Click Here For More Historical Outlooks Of Pool Corporation
Previous Quarter Performance
Pool Corporation reported income for the second quarter of $ 3.72 per share, from the revenue of $ 1,281.00 million. The quarterly earnings raised 15.53 percent while revenues gained 14.24 percent compared with the same quarter last year.
According to street consensus, POOL was expected to report 2Q20 income of $ 3.10 per share from revenue of $ 1142.39 million. The bottom line results beat street analysts by $ 0.62 or 20.00 percent, at the same time, top line results outshined analysts by $ 138.61 million or 12.13 percent.
Stock Performance
Shares of Pool Corporation traded up $ 1.71 or 0.48 percent on Wednesday, reaching $ 357.34 with volume of 257.90 thousand shares. The stock opened positive for the day at $ 358.89, after closing the previous day trading at $ 355.63.
According to the previous trading day, closing price of $ 355.63, representing a 121.78 % increase from the 52 week low of $ 160.35 and a 2.29 % decrease over the 52 week high of $ 363.98.
The company has a market capital of $ 14.32 billion and is part of the Consumer Cyclical sector and Leisure industry.
Recent Analyst recommendations
- On 8th October 2020, maintained by Sidoti at Neutral rating, with $ 333.00 target price.
Conference Call
Pool Corporation will be hosting a conference call at 11:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.poolcorp.com
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies. It also provides building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for use in pool installations and remodeling; and commercial products, such as ASME heaters, safety equipment, and commercial pumps and filters.
