SiteOne Landscape Supply stock rating maintained at Market Perform by William Blair
William Blair maintained a Market Perform rating on SiteOne Landscape Supply (NYSE:SITE), lowering its Q3 EBITDA estimate to $132M, citing weather delays, soft residential activity, and competition. The firm expects 2026 EBITDA to be at the low end of guidance. SITE shares are down 27% YTD, trading at $90.47. Stifel downgraded SITE to Hold with a $100 price target, citing Q2 EBITDA miss. The company reported Q2 earnings below estimates, with adjusted EPS of $3.14 and revenue of $1.53B.
How this was made
The 30-second read
Why it matters
Analyst downgrades and lowered forecasts reinforce a bearish outlook for the stock.
Market read
Analyst downgrades and revised guidance suggest continued share weakness for SITE.
What to watch
Potential cost reductions and margin improvements could offset volume weakness.
Background
The article recaps recent analyst actions and earnings miss for SiteOne Landscape Supply, with no new primary disclosure.
Ticker impact
Analyst William Blair reiterates Market Perform rating and lowers EBITDA estimates, citing weather, soft residential activity and competition.
likely downside as market prices in weaker guidance and reduced EBITDA expectations
Multiple analysts cut estimates and downgrade rating, indicating deteriorating fundamentals.
Market effects
Landscaping and lawn care sector faces pressure from soft residential demand and weather constraints.
Sunbelt markets may see slower growth in landscaping services.
Limited to U.S. specialty chemicals and consumer services investors.
Counterpoint
If weather improves earlier than expected, the company could rebound faster than analysts anticipate.
Key entities
- CompanySiteOne Landscape Supply
U.S. listed landscaping supply distributor (NYSE:SITE).
- AnalystWilliam Blair
Equity research firm that maintained Market Perform rating and cut estimates.
- AnalystStifel
Downgraded SITE from Buy to Hold.
