Wall Street analysts expect Olaplex Holdings, Inc. (OLPX - Free Report) to post quarterly earnings of $0.03 per share in its upcoming report, which indicates a year-over-year decline of 57.1%. Revenues are expected to be $108.13 million, down 17.3% from the year-ago quarter.
The current level reflects a downward revision of 3.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Olaplex Holdings, Inc. metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Professional' should arrive at $41.26 million. The estimate points to a change of -24.9% from the year-ago quarter.
The consensus among analysts is that 'Revenue- DTC' will reach $38.23 million. The estimate suggests a change of -11.5% year over year.
Analysts forecast 'Revenue- Specialty retail' to reach $29.17 million. The estimate indicates a year-over-year change of -10.5%.
View all Key Company Metrics for Olaplex Holdings, Inc. here>>>
Over the past month, shares of Olaplex Holdings, Inc. have returned -19% versus the Zacks S&P 500 composite's +4.7% change. Currently, OLPX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Wall Street analysts expect Olaplex Holdings, Inc. (OLPX - Free Report) to post quarterly earnings of $0.03 per share in its upcoming report, which indicates a year-over-year decline of 57.1%. Revenues are expected to be $108.13 million, down 17.3% from the year-ago quarter.
The current level reflects a downward revision of 3.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Olaplex Holdings, Inc. metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Professional' should arrive at $41.26 million. The estimate points to a change of -24.9% from the year-ago quarter.
The consensus among analysts is that 'Revenue- DTC' will reach $38.23 million. The estimate suggests a change of -11.5% year over year.
Analysts forecast 'Revenue- Specialty retail' to reach $29.17 million. The estimate indicates a year-over-year change of -10.5%.
View all Key Company Metrics for Olaplex Holdings, Inc. here>>>
Over the past month, shares of Olaplex Holdings, Inc. have returned -19% versus the Zacks S&P 500 composite's +4.7% change. Currently, OLPX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on OLPX - FREE