Why Is SITEONE LANDSCAPE SU (SITE) Stock Down Today?

SITE stock is down 10.59% at $92.52 as of the latest trade. The decline follows the company's second-quarter earnings report which showed GAAP earnings per share of $3.14, missing estimates by $0.16. Revenue of $1.53 billion also fell short of expectations by $10 million. The earnings report and related filings triggered a significant sell-off as traders reacted to the results.

What Happened

SiteOne Landscape Supply released its Q2 2026 earnings on July 29 before the market open. The company reported GAAP EPS of $3.14, below the expected $3.33. Revenue for the quarter came in at $1.53 billion, which was $10 million less than the projected $1.541 billion. The earnings results were accompanied by a slide deck and an 8-K filing disclosing the financial results and operations. The market response was swift, with the stock opening at $100.00, a 3.4% gap down from the prior close. The stock continued to decline throughout the session, reaching a low of $92.11 before the close.

What The Data Shows

The stock's intraday session showed a sharp decline after the earnings report. It opened at $100.00 and fell to a low of $92.11, with the last trade at $92.70. The volume was 0.0M shares, significantly below the 3-month daily average. The stock is currently trading within its 52-week range of $98.17 to $168.56. The company has a market cap of $4.5 billion, a P/E ratio of 30.5, and a net margin of 3.2%. Revenue has increased by 2.8% in the trailing twelve months. Recent insider transactions show one sale totaling $128K in the last 90 days.

What To Watch

The market will continue to monitor the company's performance and analyst reactions. Coverage from Baird, Barclays, and Keybanc has varied, with price targets ranging from $129 to $155. Investors should watch for further analyst commentary and any follow-up corporate actions.