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

Herbalife

01/08/2024 24:04

* Herbalife Ltd  HLF.N  reported quarterly adjusted earnings
of 54
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 74
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 31 cents to 50 cents per share.
    * Revenue fell 2.5% to $1.28 billion from a year ago;
analysts
expected $1.33 billion. 
    * Herbalife Ltd's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $4.7 million.
    * Herbalife Ltd shares had risen by 19.2% this quarter and
lost 18.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 37.6%
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
$11.00 
This summary was machine generated from LSEG data July 31 at
11:04 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
 Jun. 30 2024      0.39           0.54           Beat
 Mar. 31 2024      0.34           0.49           Beat
 Jan. 1 0001       0.39           0.28           Missed
 Sep. 30 2023      0.73           0.65           Missed