William Blair Has Negative Forecast for Leslie's Q3 Earnings

Key Points

• William Blair has revised Leslie's Q3 2025 earnings forecast from $0.35 to $0.19 per share, indicating a significant decrease in expected profitability.
• Leslie's stock has seen a consensus rating of "Hold" from analysts, with a target price of $1.65 amid mixed evaluations including several sell and hold ratings.
• Institutional investors have recently increased their stakes in Leslie's, with notable acquisitions including a 106.9% increase by Wealth Enhancement Advisory Services in the first quarter.

Leslie's, Inc. (NASDAQ:LESL - Free Report) - William Blair cut their Q3 2025 earnings per share estimates for Leslie's in a report issued on Monday, July 28th. William Blair analyst R. Merkel now anticipates that the company will earn $0.19 per share for the quarter, down from their previous forecast of $0.35. William Blair also issued estimates for Leslie's' Q4 2025 earnings at $0.09 EPS, FY2025 earnings at ($0.22) EPS, Q3 2026 earnings at $0.34 EPS, Q4 2026 earnings at $0.12 EPS and FY2026 earnings at $0.03 EPS.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus upgraded Leslie's from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Telsey Advisory Group lowered their price objective on Leslie's from $1.25 to $0.75 and set a "market perform" rating on the stock in a research report on Tuesday. Loop Capital lowered their price objective on Leslie's from $4.00 to $1.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Wall Street Zen upgraded Leslie's to a "sell" rating in a research report on Saturday, July 26th. Finally, Mizuho reduced their target price on Leslie's from $3.00 to $1.00 and set a "neutral" rating on the stock in a research note on Thursday, July 3rd. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $1.65.

Leslie's Stock Down 2.8%

Shares of LESL stock traded down $0.01 on Thursday, reaching $0.36. The company's stock had a trading volume of 2,759,097 shares, compared to its average volume of 4,356,328. Leslie's has a 12-month low of $0.35 and a 12-month high of $3.63. The company has a market capitalization of $66.90 million, a P/E ratio of -1.50 and a beta of 1.27. The stock's 50 day simple moving average is $0.54 and its 200-day simple moving average is $0.91.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LESL. Y Intercept Hong Kong Ltd purchased a new position in Leslie's during the 2nd quarter valued at about $28,000. CWM LLC boosted its position in Leslie's by 322.1% during the 2nd quarter. CWM LLC now owns 198,005 shares of the company's stock valued at $83,000 after acquiring an additional 151,091 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Leslie's by 1,658.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 114,727 shares of the company's stock valued at $48,000 after acquiring an additional 108,202 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Leslie's by 136.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 88,094 shares of the company's stock worth $37,000 after purchasing an additional 50,815 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its position in shares of Leslie's by 168.6% in the 2nd quarter. Pallas Capital Advisors LLC now owns 63,888 shares of the company's stock worth $27,000 after purchasing an additional 40,100 shares in the last quarter.

About Leslie's

Leslie's, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.