Pool Corporation: A Stagnant 2024 Expected [Seeking Alpha]
Pool Corporation (POOL)
Last pool corporation earnings: 4/23 07:00 am
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US:NASDAQ Investor Relations:
ir.poolcorp.com
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Source: Seeking Alpha
The performance pullback during 2023 shall not constitute any fundamental issue regarding its long-term development. Down 5% year to date, the pool equipment distributor is now trading at a level near its 5-year price-to-earnings ratio and EV/EBITDA. I expected Pool Corporation to have a flat to negative return in 2024. Introduction I expected Pool Corporation ( NASDAQ: POOL ) to deliver a flat to negative return in 2024. After its staggering performance during Covid, the pool equipment distributor struggled to deliver for two consecutive years. It plummeted about 44% in 2022 and rebounded 24% in 2023. The broader market ( SPX ) performed much better in 2022, declining around 18%, before its resurgence to the 4700 level in 2023. I opined the stock is now fairly valued, and unlikely to have any meaningful upside in 2024 with the current gloomy housing market. A Review on POOL's Magnification Performance during Covid POOL was one of the beneficiaries during COVID. The
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POOL
News
- Pool Corporation to Present at the Oppenheimer 19th Annual Industrial Growth Conference [Yahoo! Finance]Yahoo! Finance
- Pool Corporation to Present at the Oppenheimer 19th Annual Industrial Growth ConferenceGlobeNewswire
- YETI or POOL: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Pool Co. (NASDAQ: POOL) had its price target lowered by analysts at Stifel Nicolaus from $370.00 to $360.00. They now have a "hold" rating on the stock.MarketBeat
- Pool Co. (NASDAQ: POOL) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $436.00 to $416.00. They now have an "outperform" rating on the stock.MarketBeat
POOL
Earnings
- 4/25/24 - Beat
POOL
Sec Filings
- 4/29/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 3/28/24 - Form 4
- POOL's page on the SEC website