SiteOne Landscape Supply, Inc. (NYSE:SITE) is reporting second quarter financial results on Wednesday 29th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, SITE is expected to report 2Q20 income of $ 1.48 per share from revenue of $ 744.28 million.
For the full year, analysts anticipate top line of $ 2425.10 million, while looking forward to income of $ 2.09 per share bottom line.
Previous Quarter Performance
SiteOne Landscape Supply, Inc. revealed loss for the first quarter of $ 0.42 per share, from the revenue of $ 459.80 million. The quarterly revenues increased 7.90 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.55 per share from $ 455.62 million in revenue. The bottom line results beat street analysts by $ 0.13 or 23.64 percent, at the same time, top line results outshined analysts by $ 4.18 million or 0.92 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SITE was $ 120.35, representing a 125.84 % increase from the 52 week low of $ 53.29 and a 4.28 % decrease over the 52 week high of $ 125.73.
The company has a market capital of $ 5.04 billion and is part of the Industrials sector and Industrial Distribution industry.
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Recent Analyst recommendations
- On 8th July 2020, downgraded by UBS Group to Sell from Neutral rating, with $ 85.00 target price.
- On 10th June 2020, maintained by Jefferies Financial Group at Buy rating, with $ 135.00 target price.
Conference Call
SiteOne Landscape Supply, Inc. will be hosting a conference call at 8:00 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website siteone.com
SiteOne Landscape Supply, Inc. engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides a selection of approximately 120,000 stock keeping units, including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, outdoor lightings, and ice melt products, as well as hardscapes, such as pavers, natural stones, and blocks.
