Analysts on Wall Street project that Sally Beauty (SBH) will announce quarterly earnings of $0.41 per share in its forthcoming report, representing a decline of 2.4% year over year. Revenues are projected to reach $899.25 million, increasing 1.8% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Sally Beauty metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Net Sales- Sally Beauty Supply' to come in at $510.03 million. The estimate suggests a change of +1.9% year over year.
The combined assessment of analysts suggests that 'Net Sales- Beauty Systems Group' will likely reach $389.23 million. The estimate points to a change of +1.7% from the year-ago quarter.
The consensus estimate for 'Number of stores at end-of-period - Beauty Systems Group' stands at 1,325 . The estimate compares to the year-ago value of 1,329 .
Analysts predict that the 'Number of stores at end-of-period - Total' will reach 4,434 . The estimate is in contrast to the year-ago figure of 4,446 .
Based on the collective assessment of analysts, 'Number of stores at end-of-period - Sally Beauty Supply' should arrive at 3,110 . The estimate is in contrast to the year-ago figure of 3,117 .
View all Key Company Metrics for Sally Beauty here>>>Shares of Sally Beauty have demonstrated returns of +0.2% over the past month compared to the Zacks S&P 500 composite's +11.4% change. With a Zacks Rank #3 (Hold), SBH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Sally Beauty Holdings, Inc. (SBH): Free Stock Analysis Report
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