Yahoo Finance Helen of Troy (HELE) to Report Q2 Earnings: What's in Store?
Helen of Troy Limited HELE is likely to register declines in the top and the bottom line, when it reports second-quarter fiscal 2022 numbers on Oct 7. The Zacks Consensus Estimate for revenues is pegged at $433.6 million, suggesting a decline of 18.3% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for earnings has remained unchanged in the past 30 days at $2.13 per share, which suggests a slump of 43.5% from the figure reported in the prior-year period. This designer, developer and distributor of consumer products has a trailing four-quarter earnings surprise of 28.2%, on average. In the last reported quarter, Helen of Troy posted an earnings surprise of 33.3%.
Helen of Troy Limited Price and Consensus
Helen of Troy Limited price-consensus-chart | Helen of Troy Limited Quote
Things To Note
Helen of Troy is encountering challenges related to concerns raised by the Environmental Protection Agency (“EPA”) on the packaging for Air Products and affected humidifiers. Management, in its last earnings call, highlighted that it expects to see significant headwind in the Health and home sales stemming from the EPA matter during second-quarter fiscal 2022. Shipping restrictions and unfavorable year-over-year comparisons are likely to have had a negative impact on the bottom line. Elevated freight costs are also a concern.
That being said, Helen of Troy is benefiting from its focus on Leadership Brands, which is a portfolio of market-leading brands. The company is gaining from its strong online operations and digital marketing endeavors. Also, focus on key growth areas as part of its Phase II Transformation effort bodes well.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Helen of Troy 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. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Helen of Troy sports a Zacks Rank #1 and carries an Earnings ESP of 0.00%.
Stocks With Favorable Combinations
Here are some companies that you may want to consider as our model shows that these have the right combination of elements to post an earnings beat.
Conagra Brands, Inc. CAG currently has an Earnings ESP of +0.69% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Hershey Company HSY currently has an Earnings ESP of +3.82% and carries a Zacks Rank #3.
Hormel Foods Corporation HRL currently has an Earnings ESP of +0.53% and carries a Zacks Rank #3.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Hershey Company The (HSY) : Free Stock Analysis Report
CONAGRA BRANDS (CAG) : Free Stock Analysis Report
Hormel Foods Corporation (HRL) : Free Stock Analysis Report
Helen of Troy Limited (HELE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
