Beauty supply retailer Sally Beauty (NYSE:SBH) will be reporting earnings tomorrow before market hours. Here’s what investors should know.
Sally Beauty met analysts’ revenue expectations last quarter, reporting revenues of $935 million, up 1.5% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates.
Is Sally Beauty a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Sally Beauty’s revenue to grow 1.1% year on year to $941.8 million, a reversal from the 2.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.43 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sally Beauty has missed Wall Street’s revenue estimates six times over the last two years.
With Sally Beauty being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for specialty retail stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Sally Beauty is down 13.1% during the same time and is heading into earnings with an average analyst price target of $14.17 (compared to the current share price of $9.68).
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