Leggett & Platt, Incorporated LEG is slated to release second-quarter 2021 results on Aug 2, after market close.In the last reported quarter, the company reported impressive earnings and net sales. Its adjusted earnings topped the Zacks Consensus Estimate by 56.1% and rose 94% from the year-ago quarter. The company’s net sales also topped the consensus mark by 1% and increased 10.1% from the prior-year level.Its earnings surpassed the consensus mark in each of the trailing eight quarters.Trend in Estimate RevisionThe Zacks Consensus Estimate for earnings for the quarter to be reported has remained stable at 51 cents per share over the past 60 days. The estimated figure indicates 218.8% growth from the year-ago earnings of 16 cents per share. The consensus mark for revenues is $1.22 billion, suggesting 44.1% year-over-year growth.Leggett & Platt, Incorporated Price and EPS Surprise Leggett & Platt, Incorporated price-eps-surprise | Leggett & Platt, Incorporated QuoteFactors to NoteLeggett’s business is expected to have registered impressive earnings and trade sales growth in second-quarter 2021 owing to strong demand in residential end markets as well as solid housing industry. Improved demand in home-related products and autos is expected to have aided its top line. Also, recovering Hydraulic Cylinders, Work Furniture and Aerospace markets might have added to the positives. Raw material-related selling price increase and focus on containment of fixed costs are expected to have supported growth.The Zacks Consensus Estimate for Bedding Products’ trade sales (accounting for 47.6% of total 2020 revenues) is pegged at $570 million, indicating an increase of 38.7% from $411 million in second-quarter 2020.For Specialized Products (comprising 20.8% of total revenues), the consensus estimate for the segment’s trade sales is pegged at $240 million, indicating an improvement of 70.2% year over year.The consensus estimate for trade sales from the Furniture, Flooring & Textile Products segment (comprising 31.5% of total revenues) is pegged at $407 million, indicating 38.4% growth from the prior-year quarter.Organically, the consensus estimate for total sales growth is pegged at 43.3%, indicating a turnaround from a decline of 31% reported a year ago. Its systematic inorganic drive — which has been strongly contributing to top-line growth — should have given a meaningful boost to total sales.Coming to the bottom-line projections, the consensus estimate for Bedding Products, Specialized Products and Furniture, Flooring & Textile Products segments’ EBIT indicates 112.3%, 377.2% and 36.5% growth from the prior-year quarter, respectively.Yet, persistent supply chain constraints and disruption in chemical, semiconductors, labor and transportation are likely to somewhat put pressure on second-quarter results.What Our Quantitative Model PredictsOur proven model does not conclusively predict an earnings beat for Leggett this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: Leggett currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.Stocks With Favorable CombinationHere are some stocks from the Zacks Consumer Discretionary space that investors may consider, as our model shows that these have the right combination of elements to deliver an earnings beat this time around.Caesars Entertainment, Inc. CZR has an Earnings ESP of +265.63% and a Zacks Rank #2.Mattel, Inc. MAT has an Earnings ESP of +100.00% and a Zacks Rank #2.Boyd Gaming Corporation BYD has an Earnings ESP of +54.29% and sports a Zacks Rank #1. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mattel, Inc. (MAT): Free Stock Analysis Report Leggett & Platt, Incorporated (LEG): Free Stock Analysis Report Boyd Gaming Corporation (BYD): Free Stock Analysis Report Caesars Entertainment, Inc. (CZR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research