Stock Story -
Hair care company Olaplex (NASDAQ:OLPX) (NASDAQ:OLPX) will be announcing earnings results tomorrow before market hours. Here's what to expect.
Last quarter Olaplex reported revenues of $123.6 million, down 30% year on year, beating analyst revenue expectations by 6.8%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates.
Is Olaplex buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Olaplex's revenue to decline 16.9% year on year to $108.7 million, improvement on the 21.5% year-over-year decrease in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Olaplex's peers in the personal care segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. USANA's revenues decreased 3% year on year, beating analyst estimates by 4.1% and Nu Skin (NYSE:NUS) reported revenue decline of 6.5% year on year, exceeding estimates by 2.6%. USANA traded flat on the results, Nu Skin was down 12.6%.
Read the full analysis of USANA's and Nu Skin's results on StockStory.
Investors in the personal care segment have had steady hands going into the earnings, with the stocks up on average 1.9% over the last month. Olaplex is down 17.4% during the same time, and is heading into the earnings with analyst price target of $3.1, compared to share price of $1.9.