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The Beauty Health Company (SKIN) Reports Q3 Loss, Tops Revenue Estimates
SKINThe Beauty Health pany(SKIN) ZACKS·2024-11-12 23:36

Company Performance - Beauty Health Company (SKIN) reported a quarterly loss of 0.15pershare,whichwasworsethantheZacksConsensusEstimateofalossof0.15 per share, which was worse than the Zacks Consensus Estimate of a loss of 0.12, and a decline from earnings of 0.05pershareayearago,representinganearningssurpriseof−250.05 per share a year ago, representing an earnings surprise of -25% [1] - The company posted revenues of 78.8 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.29%, but down from year-ago revenues of 97.4million[2]−Overthelastfourquarters,BeautyHealthhassurpassedconsensusEPSestimatestwotimesandtoppedconsensusrevenueestimatesthreetimes[2]StockPerformance−BeautyHealthshareshavelostapproximately43.497.4 million [2] - Over the last four quarters, Beauty Health has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Beauty Health shares have lost approximately 43.4% since the beginning of the year, contrasting with the S&P 500's gain of 25.8% [3] - The current consensus EPS estimate for the coming quarter is -0.06 on revenues of 90.45million,and−90.45 million, and -0.20 on revenues of $341.09 million for the current fiscal year [7] Industry Outlook - The Medical Services industry, to which Beauty Health belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Beauty Health's stock performance [5]