Beauty supply retailer Sally Beauty (NYSE:SBH) will be reporting earnings this Monday before market hours. Here’s what to look for.
Sally Beauty met analysts’ revenue expectations last quarter, reporting revenues of $903.4 million, up 2.3% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but full-year EPS guidance slightly missing analysts’ expectations.
Is Sally Beauty a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Sally Beauty’s revenue to be flat year on year, improving from its flat revenue in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Sally Beauty has missed Wall Street’s revenue estimates multiple times over the last two years.
With Sally Beauty being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for specialty retail stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Sally Beauty is up 3.1% during the same time .
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.