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Nu Skin (NUS) to Report Q3 Earnings: What's in the Cards?
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Nu Skin Enterprises, Inc. (NUS - Free Report) is likely to post an increase in the top and the bottom line when it reports third-quarter 2020 results, results on Nov 4. The Zacks Consensus Estimate for third-quarter earnings has moved up 13.8% to 99 cents per share in the past 30 days. The estimate suggests an improvement of 25.3% from the year-ago quarter’s reported figure. This cosmetic, personal care and wellness products provider has a trailing four-quarter earnings surprise of 18.7%, on average. In the last reported quarter, the company reported an earnings surprise of 20.9%.
The consensus mark for third-quarter revenues is pegged at $676.3 million that indicates growth of 14.6% from the figure reported in the year-ago quarter.
In a recent press release, Nu Skin stated that it estimates third-quarter revenues in the range of $700-$703 million well ahead of its previously-provided guidance of $605-$635 million. Further, earnings in the to-be-reported quarter are expected between 78 cents and 88 cents per share.
Continued investments in digital capabilities as well as a robust product portfolio contributed to sales growth in the quarter under review. These factors led to an impressive growth of Nu Skin’s customer base and sales leaders in the third quarter. Notably, digital transactions contributed nearly 90% to sales during the quarter.
Apart from these, the company is impressed with its improved geographic balance stemming from the ongoing expansion in the West. Also, sequential recovery in China as well as solid performance in its manufacturing segment bodes well.
However, Nu Skin is grappling with incremental freight costs stemming from higher demand along with coronavirus-related costs. Also, adverse impacts of unfavorable foreign currency translations cannot be ignored.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Nu Skin this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Nu Skin carries a Zacks Rank #2 and an Earnings ESP of +3.54%.
Other Stocks With Favorable Combination
Here are some other companies that you may want to consider as our model shows that these also have the right combination of elements to post an earnings beat.
Tyson Foods (TSN - Free Report) currently has an Earnings ESP of +9.57% and a Zacks Rank #3.
The Hershey Company (HSY - Free Report) currently has an Earnings ESP of +2.17% and a Zacks Rank #3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Nu Skin (NUS) to Report Q3 Earnings: What's in the Cards?
Nu Skin Enterprises, Inc. (NUS - Free Report) is likely to post an increase in the top and the bottom line when it reports third-quarter 2020 results, results on Nov 4. The Zacks Consensus Estimate for third-quarter earnings has moved up 13.8% to 99 cents per share in the past 30 days. The estimate suggests an improvement of 25.3% from the year-ago quarter’s reported figure. This cosmetic, personal care and wellness products provider has a trailing four-quarter earnings surprise of 18.7%, on average. In the last reported quarter, the company reported an earnings surprise of 20.9%.
The consensus mark for third-quarter revenues is pegged at $676.3 million that indicates growth of 14.6% from the figure reported in the year-ago quarter.
Nu Skin Enterprises, Inc. Price and EPS Surprise
Nu Skin Enterprises, Inc. price-eps-surprise | Nu Skin Enterprises, Inc. Quote
Key Factors to Note
In a recent press release, Nu Skin stated that it estimates third-quarter revenues in the range of $700-$703 million well ahead of its previously-provided guidance of $605-$635 million. Further, earnings in the to-be-reported quarter are expected between 78 cents and 88 cents per share.
Continued investments in digital capabilities as well as a robust product portfolio contributed to sales growth in the quarter under review. These factors led to an impressive growth of Nu Skin’s customer base and sales leaders in the third quarter. Notably, digital transactions contributed nearly 90% to sales during the quarter.
Apart from these, the company is impressed with its improved geographic balance stemming from the ongoing expansion in the West. Also, sequential recovery in China as well as solid performance in its manufacturing segment bodes well.
However, Nu Skin is grappling with incremental freight costs stemming from higher demand along with coronavirus-related costs. Also, adverse impacts of unfavorable foreign currency translations cannot be ignored.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Nu Skin this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Nu Skin carries a Zacks Rank #2 and an Earnings ESP of +3.54%.
Other Stocks With Favorable Combination
Here are some other companies that you may want to consider as our model shows that these also have the right combination of elements to post an earnings beat.
Inter Parfums (IPAR - Free Report) has an Earnings ESP of +27.08% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Tyson Foods (TSN - Free Report) currently has an Earnings ESP of +9.57% and a Zacks Rank #3.
The Hershey Company (HSY - Free Report) currently has an Earnings ESP of +2.17% and a Zacks Rank #3.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>