Olaplex Holdings Inc reports results for the quarter ended in December - Earnings Summary

Olaplex Holdings

29/02/2024 14:32

* Olaplex Holdings Inc  OLPX.OQ  reported quarterly adjusted
earnings of 3 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 7 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 3 cents
per share. Wall Street expected results to range from 2 cents
to 3 cents per share.
    * Revenue fell 14.5% to $111.72 million from a year ago;
analysts
expected $108.78 million. 
    * Olaplex Holdings Inc's reported EPS for the quarter was 2
cents​.
    * The company reported quarterly net income of $14.1
million.
    * Olaplex Holdings Inc shares had fallen by 24.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.4%
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 1 "strong buy" or "buy," 9
"hold" and 2 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Olaplex
Holdings
Inc is $2.08 

This summary was machine generated from LSEG data February 29 at
02:31 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
 Dec. 31 2023      0.03           0.03           Met
 Sep. 30 2023      0.04           0.05           Beat
 Jun. 30 2023      0.05           0.03           Missed
 Mar. 31 2023      0.04           0.05           Beat