Personal wellness company WeightWatchers (NASDAQ: WW) will be reporting earnings this Thursday before the bell. Here’s what to expect.
WeightWatchers beat analysts’ revenue expectations last quarter, reporting revenues of $162.3 million, down 14.2% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ EBITDA estimates.
Is WeightWatchers 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 WeightWatchers’s revenue to decline 11.5% year on year, in line with the 10.8% 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. WeightWatchers rarely misses Wall Street’s revenue estimates.
Looking at WeightWatchers’s peers in the consumer discretionary - specialized consumer services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ADT delivered year-on-year revenue growth of 3.9%, beating analysts’ expectations by 2%, and Pool reported revenues up 3.7%, topping estimates by 2%. Pool traded up 15.4% following the results.
Read our full analysis of ADT’s results here and Pool’s results here.
There has been positive sentiment among investors in the consumer discretionary - specialized consumer services segment, with share prices up 4.7% on average over the last month. during the same time and is heading into earnings with an average analyst price target of $27.50 (compared to the current share price of $12.66).
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