Olaplex Holdings Inc OLPX.OQ reported quarterly adjusted earnings of 4 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of eleven analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from 3 cents to 5 cents per share.
Revenue fell 3.6% to $119.08 million from a year ago; analysts expected $126.17 million.
Olaplex Holdings Inc's reported EPS for the quarter was 2 cents.
The company reported quarterly net income of $14.8 million.
Olaplex Holdings Inc shares had fallen by 23.8% this quarter and lost 29.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell."
The average consensus recommendation for the personal products peer group is also "hold"
Wall Street's median 12-month price target for Olaplex Holdings Inc is $2.00
This summary was machine generated from LSEG data November 7 at 08:43 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 0.04 | 0.04 | Met |
Jun. 30 2024 | 0.03 | 0.03 | Met |
Mar. 31 2024 | 0.03 | 0.03 | Met |
Dec. 31 2023 | 0.03 | 0.03 | Met |
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