Pool Corp. Earnings on Thursday: Will They Flow Like Rapids by Estimates Again?
Pool Corporation (NASDAQ: POOL), which describes itself as the "world's largest wholesale distributor of swimming pool and related outdoor living products," is slated to report its second-quarter 2021 results before the market open on Thursday, July 22. An analyst conference call is scheduled to follow at 11 a.m. EDT.
Investors will probably be approaching the report with optimism. The company's business has gotten a boost from the pandemic, which has driven people to spend more time than usual at their homes. This dynamic continued last quarter, with the company demolishing Wall Street's consensus earnings estimate. That was at least the fourth consecutive quarter that Pool Corp. surpassed earnings expectations, with the last two beats being big ones.
In 2021, shares of the consumer-discretionary company have returned 23.6% through July 16, compared with the S&P 500's 16.1%. Last year, Pool Corp. stock returned 77% -- more than four times the broader market's 18.4% return. (A five-year stock chart is below so you can see the bigger picture.)
Source Fool.com
