Benzinga | Nov 2, 2021 11:28AM EDT

SiteOne Landscape Supply's Earnings: A Preview

SiteOne Landscape Supply (NYSE:SITE) is set to give its latest quarterly earnings report on Wednesday, 2021-11-03. Here's what investors need to know before the announcement.

Analysts estimate that SiteOne Landscape Supply will likely report an Earnings Per Share (EPS) of $1.25

SiteOne Landscape Supply bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat on EPS by 13.92%, which was followed by a 2.17% increase in the share price the next day.

Here's a look at SiteOne Landscape Supply's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 2.37 -0.44 -0.07 0.84EPS Actual 2.70 0.19 0.25 1.08Price Change % 2.17% -0.13% -4.84% -1.67%

Stock Performance

Shares of SiteOne Landscape Supply were trading at $240 as of November 01. Over the last 52-week period, shares are up 76.99%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.