Nu Skin's Q3 Earnings Coming Up: Here's What You Should Know

Core Viewpoint - Nu Skin Enterprises, Inc. (NUS) is expected to report a decline in both revenue and earnings for the third quarter of 2024, with revenues estimated at $444.1 million, reflecting an almost 11$444.1 million, suggesting a decrease of nearly 11% from the prior-year quarter [1]. - The consensus estimate for earnings per share has remained unchanged at 20 cents, indicating a decline of 64.3% from the figure reported in the year-ago quarter [1]. - NUS anticipates revenues between $430 million and$465 million for the third quarter, which translates to a decline of 14% to 7% from the year-ago quarter's reported level [4]. Industry Challenges - The company has been facing macroeconomic challenges that have negatively impacted performance, particularly in consumer spending and customer acquisition for premium products [3]. - Direct selling industry pressures and adverse foreign currency fluctuations are additional concerns affecting the company's performance [4]. Positive Aspects - Despite the challenges, Nu Skin's Rhyz business has shown strong performance, supported by innovation, brand building, and effective cost management [5]. - The company continues to benefit from its strategic pillars, which include Products, Programs, and Platforms [5]. Earnings Prediction Insights - The current model does not predict an earnings beat for Nu Skin, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [6].