Pool Corporation's (POOL) stock has had a bit of a roller-coaster ride, with earnings performing above or below estimates at different periods. The company managed to beat Q3 earnings but fell short of estimates in Q1. Meanwhile, regardless of a decline in earnings YoY, they were able to raise dividends to $1.20. Despite a 18% decrease in shares over four weeks, analysts believe a turnaround is imminent. Mild weather is cited as the cause for a drop in sales, sparking debate about selling Pool Corp stock. Nevertheless, they reported strong YoY dividend growth. Meanwhile, new pool construction softness has impacted the company's financials negatively. Despite potential setbacks, Pool Corp promises a larger dividend payout than last year. In a significant business move, POOL also acquired Shoreline to reach a wider consumer base. Investors are advised to retain stocks owing to the robust base business, which is expected to propel Q3 earnings. Despite a turbulent 2024 outlook, the corporation continues to reveal plans to strengthen operations, assuring shareholders of future potential.
Pool Corporation POOL News Analytics from Fri, 06 Nov 2020 08:00:00 GMT to Sat, 11 May 2024 14:25:53 GMT -
Rating 3
- Innovation -2
- Information 8
- Rumor -5
