WeightWatchers (WW) To Report Earnings Tomorrow: Here Is What To Expect

StockStory
05 Nov 2024
WeightWatchers (WW) To Report Earnings Tomorrow: Here Is What To Expect

Personal wellness company WeightWatchers (NASDAQ:WW) will be announcing earnings results tomorrow before market open. Here’s what to look for.

WeightWatchers missed analysts’ revenue expectations by 3.3% last quarter, reporting revenues of $202.1 million, down 10.9% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations.

Is WeightWatchers a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting WeightWatchers’s revenue to decline 10% year on year to $193.4 million, improving from the 14% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.08 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. WeightWatchers has missed Wall Street’s revenue estimates six times over the last two years.

Looking at WeightWatchers’s peers in the specialized consumer services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Carriage Services delivered year-on-year revenue growth of 11.3%, beating analysts’ expectations by 8.1%, and Frontdoor reported revenues up 3.1%, in line with consensus estimates. Carriage Services’s stock price was unchanged following the results.

Read our full analysis of Carriage Services’s results here and Frontdoor’s results here.

Investors in the specialized consumer services segment have had steady hands going into earnings, with share prices up 2% on average over the last month. WeightWatchers is up 50.7% during the same time and is heading into earnings with an average analyst price target of $0.99 (compared to the current share price of $1.19).

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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