Olaplex Holdings, Inc. (OLPX) Q2 Earnings Meet Estimates

Company Performance - Olaplex Holdings, Inc. reported quarterly earnings of $0.03 per share, matching the Zacks Consensus Estimate, and the same as the previous year [1] - The company posted revenues of $103.94 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 0.99%, but down from $109.24 million a year ago [2] - Over the last four quarters, Olaplex has surpassed consensus revenue estimates four times, but has only done so for EPS estimates once [1][2] Stock Performance - Olaplex shares have declined approximately 27.2% since the beginning of the year, contrasting with the S&P 500's gain of 8.7% [3] - The current Zacks Rank for Olaplex is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $129.97 million, and for the current fiscal year, it is $0.14 on revenues of $450.66 million [7] - The cosmetics industry, to which Olaplex belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [8]