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

Herbalife

02/11/2023 17:30

* Herbalife Ltd  HLF.N  reported quarterly adjusted earnings
of 65
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 91
cents.  The mean expectation of five analysts for the quarter
was for earnings of 73 cents per share. Wall Street expected
results to range from 67 cents to 76 cents per share.
    * Revenue fell 99.9% to $1.28 million from a year ago;
analysts
expected $1.25 billion. 
    * Herbalife Ltd's reported EPS for the quarter was 43
cents​.
    * The company reported quarterly net income of $42.8
million.
    * Herbalife Ltd shares had fallen by 0.6% this quarter and
lost 6.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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
$17.00 
This summary was machine generated from LSEG data November 2 at
05:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.34           0.53           Beat