We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nu Skin (NUS) Up 2.4% on Raised Q3 Sales and Profit View
Read MoreHide Full Article
Nu Skin Enterprises Inc. (NUS - Free Report) recently updated its outlook for third-quarter 2017, following which shares spiked around 2.4%.
Raised Q3 Guidance
Just ahead of the investor meeting, the beauty and wellness products' company raised its sales and earnings forecast for the upcoming quarter. The company is scheduled to report third-quarter results on Nov 1. The company expects third-quarter earnings in the range of 74-76 cents per share, up from a previously provided guidance range of 71-76 cents. The top line is anticipated to grow in the range of $559-$563 million, higher than $540-$560 million, expected earlier. We believe its efforts to innovate products to boost sales is doing the trick for the company. Also, the cosmetics industry is also doing well at the moment.
Upbeat Q2 Performance
We note that Provo, UT-based Nu Skin posted upbeat second-quarter 2017 results, wherein both earnings and sales surpassed the Zacks Consensus Estimate. Further, it raised its guidance for full-year earnings. In fact, the company’s earnings have surpassed estimates in three of the trailing five quarters.
Nu Skin’s revenues declined 2% due to foreign currency fluctuations. Revenues were adversely affected by dismal performance from Mainland China, South Asia/Pacific, Hong Kong/Taiwan, Japan and South Korea regions. Nevertheless, the Zacks Rank #3 (Hold) company, which develops and distributes anti-aging personal care products and nutritional supplements, remains focused on boosting customers and in turn sales. Nu Skin also plans to launch its ageLOC LumiSpa product in the fourth quarter, which is expected to generate roughly $100 million revenues.
For 2017, management continues to expect revenues of $2.26-$2.30 billion with an unfavorable currency impact of roughly 2-3%. Earnings per share are now projected in the band of $3.20-$3.30.
Nu Skin Enterprises, Inc. Price, Consensus and EPS Surprise
The performance of Nu Skin is well reflected in its share price movement. If we look into the year-to-date performance, we note that the stock has surged 34.5%. On the other hand, the Zacks Cosmetics industry grew just 6.9%. The broader Consumer Staples sector increased 10.8% in the said time frame.
How is Cosmetic Industry Placed?
We note that the Zacks Cosmetics industry is currently placed at top 29% out of the 265 Zacks Industries. The industry has also been performing well, owing to surging consumer confidence and economic recovery. Consumers have started spending on beauty and personal care products in addition to apparel and footwear as well as personal accessories. The rise of e-commerce and social media has also boosted fast-growing beauty channels.
Looking for More? Check these 3 Trending Consumer Staple Stocks
Investors interested in the same sector may consider some better-ranked stocks such as Estee Lauder Companies, Inc. (EL - Free Report) , McCormick & Company, Inc. (MKC - Free Report) and Lamb Weston Holdings Inc. (LW - Free Report) .
Lamb Weston, with a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 6.3%.
4 Stocks to Watch after the Massive Equifax Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
Image: Bigstock
Nu Skin (NUS) Up 2.4% on Raised Q3 Sales and Profit View
Nu Skin Enterprises Inc. (NUS - Free Report) recently updated its outlook for third-quarter 2017, following which shares spiked around 2.4%.
Raised Q3 Guidance
Just ahead of the investor meeting, the beauty and wellness products' company raised its sales and earnings forecast for the upcoming quarter. The company is scheduled to report third-quarter results on Nov 1. The company expects third-quarter earnings in the range of 74-76 cents per share, up from a previously provided guidance range of 71-76 cents. The top line is anticipated to grow in the range of $559-$563 million, higher than $540-$560 million, expected earlier. We believe its efforts to innovate products to boost sales is doing the trick for the company. Also, the cosmetics industry is also doing well at the moment.
Upbeat Q2 Performance
We note that Provo, UT-based Nu Skin posted upbeat second-quarter 2017 results, wherein both earnings and sales surpassed the Zacks Consensus Estimate. Further, it raised its guidance for full-year earnings. In fact, the company’s earnings have surpassed estimates in three of the trailing five quarters.
Nu Skin’s revenues declined 2% due to foreign currency fluctuations. Revenues were adversely affected by dismal performance from Mainland China, South Asia/Pacific, Hong Kong/Taiwan, Japan and South Korea regions. Nevertheless, the Zacks Rank #3 (Hold) company, which develops and distributes anti-aging personal care products and nutritional supplements, remains focused on boosting customers and in turn sales. Nu Skin also plans to launch its ageLOC LumiSpa product in the fourth quarter, which is expected to generate roughly $100 million revenues.
For 2017, management continues to expect revenues of $2.26-$2.30 billion with an unfavorable currency impact of roughly 2-3%. Earnings per share are now projected in the band of $3.20-$3.30.
Nu Skin Enterprises, Inc. Price, Consensus and EPS Surprise
Nu Skin Enterprises, Inc. Price, Consensus and EPS Surprise | Nu Skin Enterprises, Inc. Quote
Share Price Performance
The performance of Nu Skin is well reflected in its share price movement. If we look into the year-to-date performance, we note that the stock has surged 34.5%. On the other hand, the Zacks Cosmetics industry grew just 6.9%. The broader Consumer Staples sector increased 10.8% in the said time frame.
How is Cosmetic Industry Placed?
We note that the Zacks Cosmetics industry is currently placed at top 29% out of the 265 Zacks Industries. The industry has also been performing well, owing to surging consumer confidence and economic recovery. Consumers have started spending on beauty and personal care products in addition to apparel and footwear as well as personal accessories. The rise of e-commerce and social media has also boosted fast-growing beauty channels.
Looking for More? Check these 3 Trending Consumer Staple Stocks
Investors interested in the same sector may consider some better-ranked stocks such as Estee Lauder Companies, Inc. (EL - Free Report) , McCormick & Company, Inc. (MKC - Free Report) and Lamb Weston Holdings Inc. (LW - Free Report) .
Estee Lauder and McCormick, both sporting a Zacks Rank #1 (Strong Buy), have long-term growth rates of 12.0% and 9.4%, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here.
Lamb Weston, with a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 6.3%.
4 Stocks to Watch after the Massive Equifax Hack
Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?
Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>