Personal care company Edgewell Personal Care (NYSE:EPC) will be announcing earnings results tomorrow before the bell. Here’s what to expect.
Edgewell Personal Care met analysts’ revenue expectations last quarter, reporting revenues of $647.8 million, flat year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a miss of analysts’ organic revenue growth estimates.
Is Edgewell Personal Care a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Edgewell Personal Care’s revenue to be flat year on year at $535.2 million, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $0.67 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Edgewell Personal Care has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Edgewell Personal Care’s peers in the personal care segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Herbalife’s revenues decreased 3.2% year on year, missing analysts’ expectations by 1%, and Medifast reported a revenue decline of 40.6%, topping estimates by 1.5%. Herbalife traded up 10.2% following the results while Medifast was also up 8.6%.
Read our full analysis of Herbalife’s results here and Medifast’s results here.
Investors in the personal care segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. Edgewell Personal Care is up 5.2% during the same time and is heading into earnings with an average analyst price target of $42 (compared to the current share price of $35.77).
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