Pool Corporation ($POOL) Stock Forecast: Up 5.6% Today

What is Pool Corporation?

POOL is a swimming pool distributor listed on the NASDAQ stock exchange. The company reported its second-quarter earnings results, leading to a strong bullish movement in its stock price today.

Why is Pool Corporation going up?

POOL stock is up 5.6% on Jul 26, 2024 14:41

• Pool (POOL) shares surged by 10.8% following the company's second-quarter earnings report, where it narrowly exceeded revenue and EPS expectations.
• Despite a slight miss in EPS, the topline growth deceleration moderated, showcasing resilience in the face of lower consumer spending on high-end discretionary items.
• Stifel maintained a "hold" rating on Pool Corp with a target price of $310, indicating a neutral stance on the stock.
• The positive financial metrics and competitive strengths highlighted in the earnings report contributed to the bullish sentiment surrounding Pool Corp's stock today.

POOL Price Chart

POOL News

Why Are Pool (POOL) Shares Soaring Today

Shares of swimming pool distributor Pool (NASDAQ:POOL) jumped 10.8% in the afternoon session after the company reported second-quarter earnings results. Pool narrowly topped analysts'' revenue and EPS expectations this quarter. Notably topline growth deceleration moderated (down 5% vs 7% drop in the previous quarter) amidst the observed trend of "lower consumer spending on high dollar discretionary items." Zooming out, we think this was a decent quarter, showing the company is staying on target.

https://stockstory.org/nasdaq/pool/why-it-moves-single/why-are-pool-pool-shares-soaring-today

Stifel maintains hold on Pool Corp with $310 target

https://www.investing.com/news/company-news/stifel-maintains-hold-on-pool-corp-with-310-target-93CH-3537339

https://www.investing.com/news/company-news/stifel-maintains-hold-on-pool-corp-with-310-target-93CH-3537339

Pool Corp (POOL)''s Winning Formula: Financial Metrics and Competitive Strengths

Pool Corp (POOL)''s Winning Formula: Financial Metrics and Competitive Strengths

https://www.gurufocus.com/news/2481902/pool-corp-pools-winning-formula-financial-metrics-and-competitive-strengths

POOL Stock Earnings: Pool Beats EPS, Beats Revenue for Q2 2024

Pool (NASDAQ:POOL) just reported results for the second quarter of 2024. Pool reported earnings per share of $4.99. This was above the analyst estimate for EPS of $4.90. The company reported revenue of $1.77 billion. This was 1.72% better than the analyst estimate for revenue of $1.74 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/pool-stock-earnings-pool-for-q2-of-2024/

Pool Corp (POOL) Q2 2024 Earnings: Revenue Beats at $1.8 Billion, EPS Misses at $4.99

Pool Corp (POOL) Q2 2024 Earnings: Revenue Beats at $1.8 Billion, EPS Misses at $4.99

https://www.gurufocus.com/news/2481856/pool-corp-pool-q2-2024-earnings-revenue-beats-at-18-billion-eps-misses-at-499

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Pool Corporation Price History

25.05.2024 - POOL Stock was down 6.0%

• POOL Corporation opened 11.3% lower today, one of its worst performances ever, and later trimmed the loss to 6.4%, indicating significant market concern.
• The company revised its earnings guidance downwards, citing a 6.5% decline in year-to-date net sales and lower new pool construction and remodeling activities, impacting revenue expectations.
• Analysts cut the stock target amid the lower guidance, reflecting a lack of confidence in the company's future performance.
• The negative sentiment towards POOL Corporation contrasts with the broader market trend of tech stocks rebounding, such as Nvidia, which saw a 3.5% increase in premarket trading after a recent selloff.

25.05.2024 - POOL Stock was down 8.9%

• POOL stock experienced a strong bearish movement following the company's announcement of revised 2024 earnings guidance, indicating a significant slowdown in discretionary pool spending.
• The negative preannouncement by POOL Corp led to a domino effect in the housing sector, with Home Depot and Lowe's also experiencing a decline in their stock prices.
• The slashing of FY24 guidance by POOL Corp resulted in the stock hitting 52-week lows, reflecting investor concerns about the company's future earnings potential.
• The market reaction suggests that investors are reacting negatively to the reduced earnings outlook, signaling a challenging road ahead for POOL Corp in the pool supplies industry.

13.05.2024 - POOL Stock was down 5.4%

• The bearish movement in POOL stock today could be attributed to profit-taking by investors after a recent surge in the stock price.
• Discussions about industry consolidation may have led investors to reassess the growth prospects of Pool Corporation compared to other companies involved in mergers and acquisitions.
• Investors might be rotating out of Pool Corporation in favor of stocks in industries that are currently undergoing consolidation, as they seek potentially higher returns in the short term.
• The overall market sentiment towards POOL could have been influenced by the perceived impact of industry consolidation on the company's competitive position and growth potential.

23.01.2024 - POOL Stock was down 5.2%

• The company released strategic updates and year-end results, but the market reacted negatively.
• POOL's Q4 earnings report was mixed, with revenue estimates being missed.
• Investors might have been disappointed by the company's performance in Q4, leading to the bearish movement.
• The missed revenue estimates could have contributed to the downward pressure on POOL stock.

22.01.2024 - POOL Stock was up 1.0%

• Pool Corporation released crucial strategic updates, likely instilling confidence in investors and contributing to the bullish movement.
• Despite reporting mixed Q4 results, the company issued positive 2024 earnings guidance, showing resilience and forward-looking optimism.
• The stock's bullish movement could be a result of investors focusing on the future outlook and growth potential rather than short-term revenue misses.
• Overall, Pool Corporation's ability to adapt and provide strategic updates seems to have resonated positively with the market, leading to the strong bullish movement.

25.05.2024 - POOL Stock was down 8.8%

• POOL stock experienced a strong bearish movement.
• The company lowered its FY24 EPS forecast, which likely contributed to the negative market sentiment.
• The news of the company owner being sentenced to 18 years for defrauding nearly 100 Florida homeowners could have also impacted investor confidence in POOL.
• Despite the overall market showing signs of recovery, POOL's specific news regarding guidance revision and legal issues overshadowed any positive market trends, leading to the bearish movement in the stock price.

25.05.2024 - POOL Stock was down 6.8%

• Experienced a significant bearish movement today, opening 11.3% lower, one of its worst performances ever.
• Tumbled after slashing its FY24 earnings guidance, citing tough economic conditions impacting consumer discretionary spending and lower demand for pool supplies.
• Revised earnings outlook of $11.04 $11.44 per diluted share, down from $13.19 $14.19, fell short of market expectations, leading to a negative investor sentiment.
• Market reaction reflects concerns about macroeconomic deterioration and a slowdown in new pool construction and remodeling activities, indicating potential challenges ahead for the company in the current economic environment.

11.06.2024 - POOL Stock was up 6.4%

• Pool Corp's stock showed strong bullish movement today despite a 24% decrease year-to-date.
• Investors may be optimistic as the downturn in new pool construction aligns with past trends, indicating a potential upswing.
• The recent sales decline could be seen by investors as a growth opportunity, sparking increased interest in the stock.
• The upward trend in the stock price could also be attributed to broader market sentiments or undisclosed company developments.

12.06.2024 - POOL Stock was up 5.2%

• Today's positive movement in POOL stock may be linked to optimism and expectations regarding the upcoming second quarter 2024 earnings announcement.
• Investors appear to be anticipating a possible improvement in the company's financial results or anticipation of new strategies to tackle existing challenges.
• Despite the hurdles recently highlighted, market sentiment appears upbeat today, suggesting investor confidence in a potential turnaround for POOL.
• While concerns persist about reduced pool construction and sales, today's bullish performance reflects investor focus on the company's future prospects rather than its current obstacles.

25.06.2024 - POOL Stock was up 5.0%

• Despite a 5% decline in net sales, Pool Corporation showed resilience in Q2 2024 with $1.8 billion in sales, indicating strong market demand for its products.
• The company's ability to maintain a solid gross margin despite the sales decline reflects effective cost management strategies.
• Pool Corp.'s Q2 profit decrease may have been overshadowed by beating Street estimates, showcasing its ability to outperform market expectations and maintain investor confidence.
• The bullish movement in POOL stock could be attributed to the market's positive reception of the company's performance and its ability to navigate challenges effectively.

26.06.2024 - POOL Stock was up 5.6%

• Pool (POOL) shares surged by 10.8% following the company's second-quarter earnings report, where it narrowly exceeded revenue and EPS expectations.
• Despite a slight miss in EPS, the topline growth deceleration moderated, showcasing resilience in the face of lower consumer spending on high-end discretionary items.
• Stifel maintained a "hold" rating on Pool Corp with a target price of $310, indicating a neutral stance on the stock.
• The positive financial metrics and competitive strengths highlighted in the earnings report contributed to the bullish sentiment surrounding Pool Corp's stock today.

25.06.2024 - POOL Stock was up 8.7%

• POOL stock experienced a strong bullish movement.
• The company reported earnings for the second quarter of 2024, beating revenue expectations at $1.8 billion.
• Despite a decrease in net sales by 5%, POOL Corp showed resilience with a solid gross margin.
• The mixed performance of POOL Corp in Q2, with revenue beating estimates and earnings per share missing, could have contributed to the bullish movement as investors focused on the positive revenue results.