Personal wellness company WeightWatchers (NASDAQ: WW) will be reporting earnings this Monday before the bell. Here’s what to look for.
WeightWatchers beat analysts’ revenue expectations by 6.5% last quarter, reporting revenues of $184.4 million, down 10.5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates. It reported 3.3 million members, up 6.5% year on year.
Is WeightWatchers a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting WeightWatchers’s revenue to decline 9.7% year on year to $180.3 million, improving from the 14.6% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.29 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. WeightWatchers has missed Wall Street’s revenue estimates five times over the last two years.
Looking at WeightWatchers’s peers in the consumer discretionary segment, only American Outdoor Brands has reported results so far. It beat analysts’ revenue estimates by 27.8%, delivering year-on-year sales growth of 33.8%. The stock was down 14.9% on the results.
Read our full analysis of American Outdoor Brands’s earnings results here.Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. WeightWatchers is up 3.3% during the same time.
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