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This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Beauty's revenues are expected to be $156.81 million, up 49.2% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 4.7% higher over the last 30 days to the current level.Į.l.f. This cosmetics company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +46.2%. The results are expected to be released on May 24.
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Beauty ( ELF Quick Quote ELF - Free Report), is yet to report results for the quarter ended March 2023. One other stock from the same industry, e.l.f. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
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In terms of the Zacks Industry Rank, Cosmetics is currently in the top 23% of the 250 plus Zacks industries. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. The current consensus EPS estimate is $0.68 on $538.55 million in revenues for the coming quarter and $2.58 on $2.1 billion in revenues for the current fiscal year. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. So, the shares are expected to outperform the market in the near future. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock.
Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Nu Skin: favorable. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook.
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While Nu Skin has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Nu Skin shares have lost about 5.5% since the beginning of the year versus the S&P 500's gain of 7.3%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The company has topped consensus revenue estimates two times over the last four quarters. This compares to year-ago revenues of $604.9 million. Nu Skin, which belongs to the Zacks Cosmetics industry, posted revenues of $481.46 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 0.92%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. A quarter ago, it was expected that this seller of skin care and nutritional products through a direct-selling model would post earnings of $0.53 per share when it actually produced earnings of $0.89, delivering a surprise of 67.92%. This quarterly report represents an earnings surprise of 12.12%.
These figures are adjusted for non-recurring items. This compares to earnings of $0.76 per share a year ago. Nu Skin Enterprises ( NUS Quick Quote NUS - Free Report) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.33 per share.
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