Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com - Stifel has maintained its Hold rating and $140.00 price target on SiteOne Landscape Supply (NYSE:SITE) ahead of the company’s third-quarter earnings report scheduled for Wednesday, October 29. The target sits within the broader analyst range of $106-$185, according to InvestingPro data, while the stock currently trades at $125.07.
The research firm expressed a positive bias for SiteOne’s upcoming results, citing an improving landscape environment with favorable weather conditions across all regions. Stifel also viewed the third-quarter performance of POOL’s Horizon as a clear positive indicator for the sector. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 2.41, indicating robust liquidity to support operations.
Stifel slightly increased its estimates for SiteOne after accounting for two branch closures following second-quarter earnings. The firm also raised projections for stronger organic daily sales and gross margin performance, areas where it sees the most upside potential.
The research firm noted that SiteOne is benefiting from tariff-based pricing while experiencing the late stages of commodity deflation. Stifel’s fiscal year 2026 outlook matches consensus estimates, which the firm believes appropriately considers a soft 2026 volume environment.
Stifel indicated that SiteOne’s current premium valuation compared to peers is appropriate but could potentially expand amid increased investor attention and enthusiasm for the stock.
In other recent news, SiteOne Landscape Supply reported a modest increase in its financial performance for the second quarter of 2025. The company’s net sales grew by 3% to $1.46 billion. This growth comes despite a challenging market environment, with strategic initiatives such as digital sales and private label growth contributing to its performance. In analyst developments, William Blair downgraded SiteOne from Outperform to Market Perform. This decision was influenced by concerns over high interest rates and weak consumer confidence, which are delaying recovery in new residential construction and major landscaping renovations. These sectors account for approximately 65% of SiteOne’s sales. These recent developments highlight the challenges and strategic efforts impacting SiteOne Landscape Supply.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.