Zepp Health Corp ADR Down 2.99% To $1.30 After Earnings Miss

Tuesday, May 23, 2023 - Zepp Health Corp ADR (ZEPP) reported downside earnings and revenues today.

Analyst expectations for Zepp Health Corp ADR earnings per share (EPS) were at a loss of $0.02 per share, with the company missing those estimates with a reported EPS loss of $0.27 per share, leading to a negative surprise of $0.25 per share (-1250%). Zepp Health Corp ADR's earnings were down 42% year-over-year as the firm reported an EPS loss of $0.19 per share in its year-ago quarter. The negative annual growth shows the Technology company isn't performing well amid current economic conditions.

Consensus analyst estimates were at $122.9 million. The Technology company missed on those expectations for its first quarter with revenue of $93.9 million, a negative revenue surprise of $29 million (24%). The firm managed negative 21% growth year-over-year due to Zepp Health Corp ADR reporting quarterly revenue of $119.4 million in its year-ago quarter. Zepp Health Corp ADR achieved a lower earnings growth rate than revenue, signaling that the business has not been able to improve its profit margin.

The stock is down 2.99% to $1.30 after the report.

Despite Zepp Health Corp ADR reporting a decline in revenues, earnings increased signaling a rise in profit margins.

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

Prior to the report, InvestorsObserver gave the stock an overall score of 22.

Zepp Health Corp is engaged in the business of manufacturing smart health wearable products. The company operates in two segments: Xiaomi Wearable Products and Self-branded products & others. The product portfolio includes smartwatches and fitness bands.