Helen of Troy Prepares for Earnings Call Amid Analyst Changes

Helen of Troy Limited Earnings Predictions
Helen of Troy Limited (NASDAQ: HELE) is gearing up to announce the results of its second-quarter earnings, sparking interest among investors and analysts alike.
Quarterly Earnings Forecast
Analysts predict that this El Paso, Texas-based company will show earnings of 52 cents per share. This reflects a significant decline compared to $1.21 per share reported in the same quarter last year. Expectations are that Helen of Troy will report a quarterly revenue of approximately $416.77 million, down from $474.22 million in the previous year.
Recent Leadership Changes
A significant development came recently when Helen of Troy appointed G. Scott Uzzell as its new CEO. Leadership transitions can greatly impact the direction and performance of a company, and it remains to be seen how Uzzell's strategies will influence future results.
Stock Performance Insight
Despite the upcoming earnings report, Helen of Troy shares experienced a slight pullback, finishing down 0.5% to close at $26.32 on the latest trading day. Market reactions ahead of earnings can be volatile, reflecting investor sentiment and speculative trading.
Analyst Ratings and Predictions
Recent updates from analysts add layers to understanding the stock's potential moving forward. Here’s a look at what a few prominent analysts are saying about Helen of Troy:
- UBS's Peter Grom kept a Neutral rating, lowering the price target from $29 to $27, citing a 54% accuracy rate.
- Canaccord Genuity's Susan Anderson went from a Buy to a Hold, sharply cutting the price target from $47 to $26, noted for her 65% accuracy rate.
- DA Davidson's Linda Bolton Weiser maintained a Neutral rating with an increased price target raised from $71 to $78, demonstrating a 54% accuracy rate.
Considering an Investment in HELE?
If you're contemplating buying HELE stock, it's essential to consider these analyst ratings and predictions. The shifts in opinions reflect broader market trends and help investors gauge potential risks and rewards.
Frequently Asked Questions
What are the expected earnings for Helen of Troy?
Analysts expect Helen of Troy to report earnings of 52 cents per share for the upcoming quarter.
How has the stock performed recently?
Helen of Troy shares have fallen 0.5%, closing at $26.32 in the last trading session.
Who is the new CEO of Helen of Troy?
G. Scott Uzzell has been appointed as the new CEO of Helen of Troy.
What did analysts say about the stock?
Analysts have mixed perspectives, with some downgrading the stock while others maintain their ratings with adjusted price targets.
How can I learn more about Helen of Troy's performance?
Investors can watch for the earnings release and analyst updates for the latest insights on Helen of Troy's market performance.
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