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Bull Of The Day: Weight Watchers (WTW)

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Earnings Outlook Lowered

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As a result, estimates took a hit in the days following the report.

For the current quarter, three analysts cut their outlook in the last 60 days, and the consensus has dipped 10 cents from $0.53 to $0.43 per share. Earnings are only expected to grow around 2.4% for the quarter.

Five analysts have revised their estimates downward for the current fiscal year, and earnings are projected to fall over 8%. The consensus has decreased from $1.58 to $1.33 per share.

Looking at the next fiscal year, earnings could grow about 25%, and the current consensus sits at $1.67 per share.

Can ETH Get Back on Track?

Shares of Ethan Allen are down 19% so far this year and down well over 27% in the past one year. Compared to the S&P 500, the index has lost about 2.6% and gained 9%, respectively.

Additional content:

Weight Watchers Inc. just released its latest quarterly financial results, posting earnings of 56 cents per fully diluted share—31 cents per share when you take out a tax benefit—and revenues of $408.2 million.

Currently, WTW is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 9.7% over the past month but was down 4.15% during regular trading hours today.

The stock is currently up about 7.6% to $75.00 per share in after-hours trading shortly after its earnings report was released.

Weight Watchers:

Beat earnings estimates. The company posted earnings of 56 cents per share. Investors should note that Q1 EPS results include a 25 cent per fully diluted share tax benefit from Oprah Winfrey’s exercise of a portion of her stock options. Taking this out, EPS for the quarter comes to 31 cents per share, surpassing the Zacks Consensus Estimate of 6 cents per share.

Beat revenue estimates. The company saw revenue figures of $408.2 million, easily beating our consensus estimate of $375.05 million and growing 19.5% year-over-year.

Total subscribers hit a record 4.6 million, up 29% year-over-year thanks to growth in all major geographic markets.

Services revenues came in at $328.7 million, while WTW’s Product Sales and Other division hit $79.6 million.

As a result, Weight Watchers raised its fiscal 2018 earnings guidance to an EPS range of $3.00 to $3.20 per share.

"Driven by the enthusiastic, global response to our new WW Freestyle™ program, we ended the first quarter with 4.6 million subscribers – the highest level in the history of Weight Watchers and an increase of 1 million compared to a year ago. Member engagement has been incredible with members staying longer than ever before. Average retention is now well over 9 months," said Mindy Grossman, the Company's President and CEO. 

Weight Watchers is the largest provider of weight control programs in the world. The core of their business is weekly meetings, in which they present their scientifically designed program, incorporating group support and education about healthy eating patterns, behavior modification and physical activity.

Check back later for our full analysis on WTW’s earnings report!

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Weight Watchers International Inc (WTW) : Free Stock Analysis Report

 

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