Helen of Troy Ltd Down 0.86% To $99.29 After Earnings Beat

Wednesday, October 5, 2022 - Helen of Troy Ltd (HELE) reported upside earnings and revenues today.

The consensus among analysts for Helen of Troy Ltd was for an earnings per share (EPS) of $2.21. The firm was able to surpass those projections, reporting an EPS of $2.27, a positive surprise of $0.06 (3%). Profits fell 14% year-over-year after reporting an EPS of $2.65 in its year-ago quarter. The negative growth rate signals that the Consumer Defensive company isn't performing well amid current economic conditions.

Revenues were upbeat at $521.4 million. That is an increase of 9.72% in revenues from the year-ago report and is 0.06% higher than consensus estimates set at $521.1 million.

The stock is down 0.86% to $99.29 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Helen of Troy Ltd has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 7, putting Helen of Troy Ltd in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $96.39 on September 30, 2022 and set a 52-week high on December 7, 2021 at $256.26.

Helen Of Troy Ltd is a consumer products company with business segments in housewares, health and home, and beauty. The housewares segment offers house and kitchen tools, household cleaning tools, food storage containers, storage items, and baby care products. The Health & Home segment provides healthcare and home environment products including health care devices, water filtration systems and small home appliances. Beauty segment offers mass and prestige market beauty appliance and personal care products including hair styling appliances, grooming tools, decorative haircare accessories, and liquid-, solid- and powder-based personal care and grooming products. This segment sells primarily to retailers, beauty supply wholesalers and through direct- to- consumer channel.