The upcoming report from Olaplex Holdings, Inc. (OLPX) is expected to reveal quarterly earnings of $0.00 per share, indicating a decline of 100% compared to the year-ago period. Analysts forecast revenues of $102.93 million, representing an increase of 2.2% year over year.
The current level reflects no revision 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.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Olaplex metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Revenue- Professional' will reach $34.02 million. The estimate suggests a change of +9.8% year over year.
Analysts expect 'Revenue- DTC' to come in at $41.01 million. The estimate indicates a change of +0.3% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Specialty retail' should come in at $29.87 million. The estimate indicates a year-over-year change of +3.7%.
View all Key Company Metrics for Olaplex here>>>
Shares of Olaplex have demonstrated returns of +1.9% over the past month compared to the Zacks S&P 500 composite's -1.3% change. With a Zacks Rank #3 (Hold), OLPX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Olaplex Holdings, Inc. (OLPX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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