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Here's What Key Metrics Tell Us About Olaplex (OLPX) Q2 Earnings
Olaplex Holdings, Inc. (OLPX - Free Report) reported $103.94 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 4.9%. EPS of $0.03 for the same period compares to $0.03 a year ago.
The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $102.92 million. With the consensus EPS estimate being $0.03, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Olaplex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Olaplex here>>>Revenue- Professional
: $33.40 million compared to the $37.64 million average estimate based on six analysts. The reported number represents a change of -18.3% year over year.Revenue- DTC
: $34.10 million versus $35.02 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -11.4% change.Revenue- Specialty retail
: $36.40 million versus the six-analyst average estimate of $29.82 million. The reported number represents a year-over-year change of +22.2%.Shares of Olaplex have returned +25.9% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.