Earnings Forecasts Signal Mixed Outlook for Companies

A report highlights upcoming earnings for several companies, indicating a mix of performance expectations. Helen of Troy Limited projects a significant decline in EPS, while Byrna Technologies anticipates a notable recovery. Investors should prepare for varied market reactions.

Date: 09-10-2024

AI Rating: 5

The report discusses the upcoming earnings announcements for two companies: Helen of Troy Limited (HELE) and Byrna Technologies, Inc. (BYRN).

Earnings Per Share (EPS):

Helen of Troy Limited (HELE): The consensus EPS forecast is $0.87, marking a 40.00% decrease compared to the same quarter last year. This suggests a negative performance outlook, which could adversely affect investor confidence and stock price.
Byrna Technologies, Inc. (BYRN): The consensus EPS forecast is $-0.01, reflecting a 94.74% increase compared to the same quarter last year. This increase indicates a potential recovery and positive sentiment, which may boost investor interest and stock price.

The report also notes the Price to Earnings (P/E) ratios for both companies:

Translating the expectations into a broader context, Helen of Troy Limited has a 2025 P/E ratio of 9.78, significantly lower than the industry ratio of 19.20, indicating that it may be undervalued, but the dropping EPS forecast raises concerns.
Byrna Technologies, Inc. has a 2024 P/E ratio of 175.90, excessively higher than their industry, which has a negative P/E ratio of -10.30. This implies that while Byrna might achieve higher earnings growth, the market is pricing in very high expectations.

In conclusion, the anticipated earnings report for Helen of Troy reflects a significant downturn, likely leading to negative impacts on stock prices, while Byrna Technologies shows signs of recovery that investors may respond positively towards. The contrasting forecasts mean investors should prepare for varied reactions in the stock market.

Stocks: HELE BYRN