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

Herbalife

31/10/2024 02:32

* 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