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Factors to Know Ahead of Prestige Consumer (PBH) Q2 Earnings
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Prestige Consumer Healthcare Inc. (PBH - Free Report) is likely to register top-line growth from the year-ago quarter’s reported figure when it reports second-quarter fiscal 2023 earnings on Nov 3, before market open. The Zacks Consensus Estimate for revenues is pegged at $283 million, indicating a 2.4% rise from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for earnings in the fiscal second quarter has fallen a couple of cents to $1.00 per share in the past seven days. The estimate suggests an almost 2% dip from the year-ago quarter’s reported figure. Prestige Consumer delivered an earnings surprise of 5.8% in the last reported quarter. PBH has a trailing four-quarter earnings surprise of 5.6%, on average.
Key Factors to Note
Prestige Consumer’s top-line performance in the fiscal second quarter is likely to have benefited from its efficient brand-building strategies, robust e-commerce business and market share gains. PBH has been experiencing high demand for a while across certain categories, brands and channels, earlier hurt by the pandemic. PBH has been making multi-year e-commerce investments for a while now. These tailwinds along with contributions from the Akorn buyout might aid its quarterly results.
However, a tough operating backdrop, including supply-chain headwinds and inflationary pressures, might have been deterrents. In addition, Prestige Consumer has been encountering cost-related hurdles for a while now. These weaknesses and any deleverage in operating expenses might have Prestige Consumer’s bottom-line results in the quarter under review. On its last earnings call, management expects a gross margin of nearly 56% in the fiscal second quarter, down from 57.1% recorded in the year-earlier quarter.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Prestige Consumer this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Prestige Consumer presently has a Zacks Rank #3 and an Earnings ESP of -1.00%.
Stocks With Favorable Combinations
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings this season:
lululemon athletica (LULU - Free Report) currently has an Earnings ESP of +1.50% and a Zacks Rank #2. LULU is likely to register an increase in the bottom line from the year-ago quarter’s reported figure when it reports third-quarter fiscal 2022 results. The Zacks Consensus Estimate for quarterly earnings has been stable at $1.95 per share over the past 30 days, suggesting 20.4% growth from the year-ago quarter’s reported number. You can see the complete list of today’s Zacks #1 Rank stocks here.
lululemon athletica’s top line is expected to rise from the prior-year quarter’s reported number. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.80 billion, suggesting a 24.4% rise from the figure reported in the prior-year quarter. LULU delivered an earnings beat of 10.4%, on average, in the trailing four quarters.
Gildan Activewear (GIL - Free Report) has an Earnings ESP of +1.24% and a Zacks Rank #3, currently. GIL is likely to register an increase in the bottom line from the prior-year period’s reading when it reports third-quarter 2022 results. The Zacks Consensus Estimate for quarterly earnings has increased a penny to 81 cents per share in the past 30 days, indicating a 1.3% improvement from the year-ago quarter’s tally.
Gildan Activewear’s top line is expected to rise from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for quarterly revenues is pegged at $834.6 million, suggesting an increase of 4.1% from the figure reported in the prior-year quarter. GIL delivered an earnings beat of 33.8%, on average, in the trailing four quarters.
Costco (COST - Free Report) currently has an Earnings ESP of +0.17% and a Zacks Rank of 3. COST is expected to register top and bottom-line growth from the respective year-ago quarter’s actuals when it reports first-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for COST’s quarterly revenues is pegged at $54.98 billion, suggesting 9.2% growth from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for Costco’s quarterly earnings has been stable in the past 30 day at $3.15 a share. The consensus estimate for earnings suggests 6.1% growth from the year-ago quarter’s reported number. COST delivered an earnings beat of 7.7%, on average, in the trailing four quarters.
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Factors to Know Ahead of Prestige Consumer (PBH) Q2 Earnings
Prestige Consumer Healthcare Inc. (PBH - Free Report) is likely to register top-line growth from the year-ago quarter’s reported figure when it reports second-quarter fiscal 2023 earnings on Nov 3, before market open. The Zacks Consensus Estimate for revenues is pegged at $283 million, indicating a 2.4% rise from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for earnings in the fiscal second quarter has fallen a couple of cents to $1.00 per share in the past seven days. The estimate suggests an almost 2% dip from the year-ago quarter’s reported figure. Prestige Consumer delivered an earnings surprise of 5.8% in the last reported quarter. PBH has a trailing four-quarter earnings surprise of 5.6%, on average.
Key Factors to Note
Prestige Consumer’s top-line performance in the fiscal second quarter is likely to have benefited from its efficient brand-building strategies, robust e-commerce business and market share gains. PBH has been experiencing high demand for a while across certain categories, brands and channels, earlier hurt by the pandemic. PBH has been making multi-year e-commerce investments for a while now. These tailwinds along with contributions from the Akorn buyout might aid its quarterly results.
However, a tough operating backdrop, including supply-chain headwinds and inflationary pressures, might have been deterrents. In addition, Prestige Consumer has been encountering cost-related hurdles for a while now. These weaknesses and any deleverage in operating expenses might have Prestige Consumer’s bottom-line results in the quarter under review. On its last earnings call, management expects a gross margin of nearly 56% in the fiscal second quarter, down from 57.1% recorded in the year-earlier quarter.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Prestige Consumer this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Prestige Consumer presently has a Zacks Rank #3 and an Earnings ESP of -1.00%.
Stocks With Favorable Combinations
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings this season:
lululemon athletica (LULU - Free Report) currently has an Earnings ESP of +1.50% and a Zacks Rank #2. LULU is likely to register an increase in the bottom line from the year-ago quarter’s reported figure when it reports third-quarter fiscal 2022 results. The Zacks Consensus Estimate for quarterly earnings has been stable at $1.95 per share over the past 30 days, suggesting 20.4% growth from the year-ago quarter’s reported number. You can see the complete list of today’s Zacks #1 Rank stocks here.
lululemon athletica’s top line is expected to rise from the prior-year quarter’s reported number. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.80 billion, suggesting a 24.4% rise from the figure reported in the prior-year quarter. LULU delivered an earnings beat of 10.4%, on average, in the trailing four quarters.
Gildan Activewear (GIL - Free Report) has an Earnings ESP of +1.24% and a Zacks Rank #3, currently. GIL is likely to register an increase in the bottom line from the prior-year period’s reading when it reports third-quarter 2022 results. The Zacks Consensus Estimate for quarterly earnings has increased a penny to 81 cents per share in the past 30 days, indicating a 1.3% improvement from the year-ago quarter’s tally.
Gildan Activewear’s top line is expected to rise from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for quarterly revenues is pegged at $834.6 million, suggesting an increase of 4.1% from the figure reported in the prior-year quarter. GIL delivered an earnings beat of 33.8%, on average, in the trailing four quarters.
Costco (COST - Free Report) currently has an Earnings ESP of +0.17% and a Zacks Rank of 3. COST is expected to register top and bottom-line growth from the respective year-ago quarter’s actuals when it reports first-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for COST’s quarterly revenues is pegged at $54.98 billion, suggesting 9.2% growth from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for Costco’s quarterly earnings has been stable in the past 30 day at $3.15 a share. The consensus estimate for earnings suggests 6.1% growth from the year-ago quarter’s reported number. COST delivered an earnings beat of 7.7%, on average, in the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.