Herbalife Ltd reports results for the quarter ended in September 30 - Earnings Summary

Reuters
31 Oct 2024
Herbalife Ltd reports results for the quarter ended in September 30 - Earnings Summary
  • Herbalife Ltd HLF.N reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 65 cents. The mean expectation of six analysts for the quarter was for earnings of 35 cents per share. Wall Street expected results to range from 19 cents to 50 cents per share.

  • Revenue fell 3.2% to $1.24 billion from a year ago; analysts expected $1.24 billion.

  • Herbalife Ltd's reported EPS for the quarter was 46 cents​.

  • The company reported quarterly net income of $47.4 million.

  • Herbalife Ltd shares had fallen by 3.2% this quarter and lost 54.4% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 5.3% in the last three months.​

  • In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."

  • The average consensus recommendation for the food processing peer group is also "hold"

Wall Street's median 12-month price target for Herbalife Ltd is $13.00

This summary was machine generated from LSEG data October 31 at 02:32 a.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

0.35

0.57

Beat

Jun. 30 2024

0.39

0.54

Beat

Mar. 31 2024

0.34

0.49

Beat

Dec. 31 2023

0.39

0.28

Missed

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