Robust Base Business To Drive Pool Corp's (POOL) Q3 Earnings
Zacks Investment Research | Oct 14, 2019 10:25PM ET
Pool Corporation (NASDAQ:POOL) is scheduled to report third-quarter 2019 results on Oct 17, before the opening bell. In the last reported quarter, the company’s earnings outpaced the Zacks Consensus Estimate by 0.3%.
Q3 Expectations
The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.77, higher than $1.66 reported in the year-ago quarter. Notably, the company’s earnings estimates have been stable over the past 30 days. In second-quarter 2019, it witnessed earnings growth of 15% on a year-over-year basis.
For revenues, the consensus mark stands at nearly $887.3 million, indicating an improvement of 9.4% from the prior-year quarter.
Let’s delve deeper and analyze the factors influencing the company this earnings season.
Factors at Play
Robust base business in the markets like California, Texas, Florida and Arizona are likely to get reflected in Pool’s third-quarter 2019 results. Strong swimming product sales in the third-quarter is likely to have driven the company’s top line. Furthermore, the company’s Green business impressed investors in the preceding quarters, the trend is likely to have continued in the to-be-reported quarter.
However, increased expenses are likely to have impacted the company in the third quarter. Higher labor and delivery costs, and investments in information technology systems and hardware are likely to have contributed to rising expenses in the quarter to be reported.
Pool Corporation Price and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.