Floor & Decor Holdings (FND) is projected to have a mediocre 2025 similar to last year with the gradual recovery of the home improvement industry and the lack of a product cycle impacting its results, analysts from Wedbush said in a note Friday.
The analysts expect FND's performance for Q4 2024 to reflect modest improvements from North America flooring sales and somewhat limited demand the hurricane-related rebuild, but cautioned that 2025 guidance could likely be below consensus at the midpoint, with a projected earnings-per-share figure of $1.87 compared with the consensus of $1.98.
Aside from a modest demand recovery in the housing market for the year, analysts noted that potential China tariffs under the Trump administration could negatively impact the company's gross margins.
Wedbush downgraded its rating on FND to neutral from outperform, and lowered the price target to $100 from $110.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 100.09, Change: +2.21, Percent Change: +2.26
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