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In a turbulent market environment, Leslies Inc (LESL) stock has tumbled to a 52-week low, reaching $0.92, with a market capitalization of $169.3 million. According to InvestingPro analysis, the stock appears undervalued at current levels, with technical indicators suggesting oversold conditions. This significant downturn reflects a stark contrast from its previous performance, with the stock experiencing a precipitous 1-year change of -87.23%. Investors have been closely monitoring LESL as it navigates through a challenging period, marked by this new low point. The company, known for its pool and spa supplies, maintains annual revenue of $1.33 billion and a healthy current ratio of 1.76, demonstrating solid liquidity. Despite current challenges, analysts forecast a return to profitability this year. For deeper insights and additional analysis, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Leslie’s Inc. reported its first-quarter fiscal 2025 results, which showed revenue of $175.2 million, exceeding the consensus estimate of $172.93 million. However, the company posted an adjusted loss per share of -$0.22, slightly missing analyst expectations of -$0.21. The company’s full-year guidance also disappointed, with projected revenue between $1.304 billion and $1.37 billion, below the analyst consensus of $1.362 billion. S&P Global Ratings downgraded Leslie’s credit rating from ’B+’ to ’B’, citing higher leverage and compressed profitability as contributing factors.
Additionally, Leslie’s is set to be removed from the S&P SmallCap 600 index due to a decrease in market capitalization, which may affect the stock’s visibility and liquidity among investors. Meanwhile, Telsey Advisory Group lowered its price target for Leslie’s shares to $3.00 from $3.75, maintaining a Market Perform rating. The firm noted that Leslie’s adjusted EBITDA fell short of expectations, and the company’s guidance did not meet analysts’ estimates. Despite these challenges, Leslie’s reported a slight positive comparable store sales growth, the first in two years, as it continues to implement strategic initiatives aimed at improving its business operations.
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