Manufacturing company Leggett & Platt (NYSE:LEG) will be reporting earnings tomorrow after market close. Here’s what to look for.

Leggett & Platt beat analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $1.06 billion, down 5.3% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and full-year EPS guidance missing analysts’ expectations.

Is Leggett & Platt a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Leggett & Platt’s revenue to decline 7% year on year to $1.02 billion, improving from the 9.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.22 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Leggett & Platt has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Leggett & Platt’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Hasbro delivered year-on-year revenue growth of 17.1%, beating analysts’ expectations by 14.8%, and Nike reported a revenue decline of 9.3%, topping estimates by 2.3%. Hasbro traded up 15.9% following the results while Nike was down 5.4%.

Read our full analysis of Hasbro’s results here and Nike’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.7% on average over the last month. Leggett & Platt is down 6.4% during the same time and is heading into earnings with an average analyst price target of $9.33 (compared to the current share price of $7.40).

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