Can Helen Of Troy Outpace The S&P 500? Analyst Points To Areas To Watch With Earnings Imminent
Portfolio Pulse from Shivani Kumaresan
Oppenheimer analyst Rupesh Parikh has a Perform rating on Helen Of Troy Limited (NASDAQ:HELE) and models a Q2 EPS of $1.59, implying a ~30% decline. However, he believes that FY23 guide, Project Pegasus cost savings, and potential tailwinds from debt paydowns should drive EPS back to $10.00. The company is expected to report its Q2 earnings on October 4.
September 25, 2023 | 7:20 pm
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Helen Of Troy Limited's Q2 EPS is expected to decline by ~30%, but FY23 guide, cost savings, and debt paydowns are expected to drive EPS back to $10.00.
The analyst's prediction of a ~30% decline in Q2 EPS could negatively impact the stock price in the short term. However, the expected FY23 guide, cost savings from Project Pegasus, and potential tailwinds from debt paydowns could offset this negative impact and drive the EPS back to $10.00, which could positively impact the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100