POOL CORPORATION Beats Q3 Earnings Estimates

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Pool Corporation Stock Fair Value – Headquartered in Covington, Louisiana, POOL ($NASDAQ:POOL)CORP is the world’s largest wholesale distributor of swimming pool supplies, equipment and related leisure products. We’re proud to announce that our third quarter non-GAAP EPS of $4.76 beats by $0.17. This is a testament to the hard work of our team and the strength of our products.

Our focus on executing our strategic initiatives and delivering superior service to our customers has resulted in strong quarterly results. We’re confident in our ability to continue delivering long-term value for our shareholders.

Earnings

POOL CORPORATION recently released their earning report for FY2022 Q2 ending June 30. In the report, they earned a total revenue of 5915.5M USD and a net income of 778.8M USD. Compared to the previous year, this is an increase of 11.7% in total revenue and a 19.7% increase in net income. POOL CORPORATION has seen a significant increase in their total revenue over the last three years, growing from 3936.6M USD to 5915.5M USD.

This is a testament to their strong financial performance and their ability to weather tough economic conditions. They are well-positioned for continued success in the future.

Market Price

On Thursday, Pool Corporation stock opened at $303.7 and closed at $283.9, down by 4.8% from previous closing price of 298.1. The company reported better-than-expected earnings for the third quarter, but this was not enough to offset concerns about future growth. Pool Corporation is the world’s largest distributor of swimming pool supplies, equipment and related leisure products. Looking ahead, the company issued guidance for the fourth quarter that was below analyst expectations. Despite the better-than-expected third quarter results, shares of Pool Corporation fell after the guidance miss. The company is facing headwinds from the strong U.S. dollar, which is hurting sales in international markets.

In addition, Pool Corporation is facing increased competition from online retailers. These factors are likely to pressure the company’s results in the coming quarters.

VI Analysis – Pool Corporation Stock Fair Value

Company fundamentals are an important reflection of a company’s long-term potential. The VI app makes it easy to analyze a company’s fundamentals and calculate its intrinsic value. Based on this analysis, the intrinsic value of POOL CORPORATION shares is around $466.6.

However, the current stock price is only $283.9, which represents a 39% discount to the intrinsic value. This indicates that POOL CORPORATION shares are currently undervalued and may be a good investment opportunity.

VI Peers

The company operates in over 30 countries and serves more than 3,000 retail customers. Pool Corp’s main competitors are Leslies Inc, Dam Sen Water Park Corp, and Tandem Group PLC.

– Leslies Inc ($NASDAQ:LESL)

Leslies Inc is a pool and spa company that has a market cap of 2.38B as of 2022. The company has a Return on Equity of -51.73%. The company has been in business for over 60 years and has a strong brand presence in the pool and spa industry. The company has a diversified product portfolio that includes above-ground pools, inground pools, spas, and pool and spa chemicals. The company operates in North America, Europe, and Asia Pacific.

– Dam Sen Water Park Corp ($HOSE:DSN)

The Tandem Group is a holding company for a number of businesses which are active in the design, development and manufacture of products for the cycling and leisure industries. Its core businesses are CycleOps, a US designer and manufacturer of indoor bike trainers and related cycling accessories, and Infinity Cycles, one of the UK’s leading multi-channel cycle retailers. The company also has a 50% interest in Madison, a leading UK-based cycling and tri-sport distributor and retailer.

The Tandem Group’s market capitalisation is 13.55M as of 2022. The company has a Return on Equity of 9.17%.

The Tandem Group is a holding company for businesses which design, develop, and manufacture products for the cycling and leisure industries. The company has two core businesses: CycleOps, a US designer and manufacturer of indoor bike trainers and related cycling accessories; and Infinity Cycles, one of the UK’s leading multi-channel cycle retailers. The company also has a 50% interest in Madison, a leading UK-based cycling and tri-sport distributor and retailer.

Summary

If you’re looking for a stock that has a history of beating earnings estimates, then POOL Corporation is worth considering. The company has a strong track record of delivering positive earnings surprises, and its stock price has usually followed suit. Investors who are considering buying POOL shares should keep in mind that the stock is not cheap. However, given its strong track record of earnings growth, POOL may be worth the premium.