Personal care company Edgewell Personal Care (NYSE: EPC) will be announcing earnings results this Thursday before the bell. Here’s what you need to know.
Edgewell Personal Care missed analysts’ revenue expectations last quarter, reporting revenues of $570.1 million, up 1.7% year on year. It was a softer quarter for the company, with a significant miss of analysts’ organic revenue estimates and a miss of analysts’ EBITDA estimates.
Is Edgewell Personal Care a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Edgewell Personal Care’s revenue to grow 2.2% year on year, a reversal from the 9.2% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
Looking at Edgewell Personal Care’s peers in the personal care segment, some have already reported their Q3 results, giving us a hint as to what we can expect. e.l.f. Beauty delivered year-on-year revenue growth of 51.4%, beating analysts’ expectations by 9.6%, and Coty reported a revenue decline of 1.4%, topping estimates by 1.7%. e.l.f. Beauty traded down 3.3% following the results while Coty was up 12.7%.
Read our full analysis of e.l.f. Beauty’s results here and Coty’s results here.
There has been positive sentiment among investors in the personal care segment, with share prices up 7.5% on average over the last month. Edgewell Personal Care is up 4.6% during the same time and is heading into earnings with an average analyst price target of $31.50 (compared to the current share price of $29.60).
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