Earnings To Watch: USANA (USNA) Reports Q3 Results Tomorrow
Health and wellness products company USANA Health Sciences (NYSE:USNA) will be reporting earnings tomorrow after market close. Here’s what to look for.
USANA missed analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $212.9 million, down 10.6% year on year. It was a softer quarter for the company, with underwhelming earnings guidance for the full year and a miss of analysts’ earnings estimates.
Is USANA a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting USANA’s revenue to decline 3.6% year on year to $205.8 million, improving from the 8.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.49 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. USANA has missed Wall Street’s revenue estimates three times over the last two years.
Looking at USANA’s peers in the consumer staples segment, some have already reported their Q3 results, giving us a hint as to what we can expect. WD-40 delivered year-on-year revenue growth of 11.1%, beating analysts’ expectations by 4.6%, and Lamb Weston reported flat revenue, topping estimates by 6.5%. WD-40 traded down 5.1% following the results while Lamb Weston was up 2.6%.
Read our full analysis of WD-40’s results here and Lamb Weston’s results here.
Investors in the consumer staples segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. USANA is down 5.9% during the same time and is heading into earnings with an average analyst price target of $48 (compared to the current share price of $35.85).
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