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

Olaplex Holdings

02/05/2024 14:32

* Olaplex Holdings Inc  OLPX.OQ  reported quarterly adjusted
earnings of 3 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 5 cents.  The mean expectation of ten 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 13.1% to $98.91 million from a year ago;
analysts
expected $95.25 million. 
    * Olaplex Holdings Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $7.75
million.
    * Olaplex Holdings Inc shares had fallen by 27.1% this
quarter and
lost 44.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29.2%
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 1 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Olaplex
Holdings
Inc is $2.00 

This summary was machine generated from LSEG data May 2 at 01:31
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
 Mar. 31 2024      0.03           0.03           Met
 Dec. 31 2023      0.03           0.03           Met
 Sep. 30 2023                     0.05           
 Jun. 30 2023      0.05           0.03           Missed