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Insights Into Herbalife Q3 Earnings

Benzinga ·  Nov 8 21:25

Herbalife (NYSE:HLF) just disclosed its Q3 earnings on Wednesday, October 30, 2024 at 04:10 PM.

Here's a brief overview of the earnings report.

Earnings

Herbalife beat estimated earnings by 63.0%, reporting an EPS of $0.57 versus an estimate of $0.35.

Revenue was down $41.00 million from the same period last year.

Analysis of Past Earnings

The company beat on EPS by $0.13 in the last quarter, resulting in a 9.0% drop share price change the following day.

Here's a look at Herbalife's past performance:

QuarterQ3 2024Q2 2024Q1 2024Q4 2023Q3 2023
EPS Estimate0.350.410.340.390.73
EPS Actual0.570.540.490.280.65
Revenue Estimate1.24B1.33B1.26B1.19B1.25B
Revenue Actual1.24B1.28B1.26B1.22B1.28B

Peer Companies' Recent Earnings

As we review Herbalife's earnings, it's important to put its results into perspective by comparing them to those of its competitors, such as Honest Co, Beauty Health, and Veru.

  • Honest Co, earnings revealed on August 08, 2024, exhibited robust performance this quarter. Contrary to the market's projected EPS of $-0.04, Honest Co exceeded expectations with an EPS of $-0.04, reflecting an increase of 0.0% compared to estimates. This outcome is likely to gain investor confidence
  • The latest earnings report from Beauty Health on August 08, 2024 showed a downturn in performance, with results falling short of expectations. Despite the market's EPS estimate of $-0.05, Beauty Health reported an EPS of $-0.1, marking a -100.0% decrease.
  • Veru reported earnings on August 08, 2024 that fell short of expectations, with an actual EPS of $-0.07 compared to the market's estimate of $-0.06, resulting in a -16.67% decrease.

Reviewing Competitors' Quarterly Earnings and Stock Performance

In this detailed analysis, insights are provided into the market's response to the latest earnings releases of key competitors. It highlights the expected and announced earnings per share (EPS) for each company, along with their corresponding stock prices at the close of the announcement day and the open of the following trading day.

Company NameDateEPS ExpectedEPS AnnouncedEPS Change PercentStock Price At CloseStock Price at Next Day OpenPrice Change Percent
HerbalifeOctober 30, 20240.350.5762.86%$6.81$7.297.05%
Honest CoAugust 08, 2024-0.04-0.040.0%$3.24$3.9421.6%
Beauty HealthAugust 08, 2024-0.05-0.10-100.0%$1.29$1.0-22.48%
VeruAugust 08, 2024-0.06-0.07-16.67%$0.8101$0.821.22%

Comparative Assessment: Estimated in Comparison with Actual Peer Revenues

This table presents a comparison of estimated and announced revenue figures for Herbalife's peers. It offers insights into the revenue performance of these companies, providing valuable context for understanding their financial standing within the industry.

Company NameEstimated RevenueAnnounced RevenueRevenue Surprise Percentage
Herbalife1.24B1.24B0.0%
Honest Co87.31M93.05M6.57%
Beauty Health99.09M90.60M-8.57%
Veru3.50M3.95M12.97%

To track all earnings releases for Herbalife visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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