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

Herbalife

15/02/2024 02:02

* Herbalife Ltd  HLF.N  reported quarterly adjusted earnings
of 28
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 53
cents.  The mean expectation of five analysts for the quarter
was for earnings of 39 cents per share. Wall Street expected
results to range from 35 cents to 42 cents per share.
    * Revenue rose 2.9% to $1.22 billion from a year ago;
analysts
expected $1.19 billion. 
    * Herbalife Ltd's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $10.2
million.
    * Herbalife Ltd shares had fallen by 22.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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
$14.00 
This summary was machine generated from LSEG data February 15 at
02:01 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
 Dec. 31 2023      0.39           0.28           Missed
 Sep. 30 2023      0.73           0.65           Missed
 Jun. 30 2023      0.69           0.74           Beat
 Mar. 31 2023      0.66           0.54           Missed