Weight Watchers International Inc (NASDAQ:WW) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, WW is expected to report 3Q20 income of $ 0.63 per share from revenue of $ 325.58 million.
For the full year, analysts anticipate top line of $ 1387.76 million, while looking forward to income of $ 1.72 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,600.00 million ~ $ 1,600.00 million, where as bottomline are predicted in a range of $ 2.15 ~ $ 2.40 per share
Click Here For More Historical Outlooks Of Weight Watchers International Inc
Previous Quarter Performance
Weight Watchers International Inc communicated income for the second quarter of $ 0.67 per share, from the revenue of $ 333.64 million. The quarterly earnings reduced 14.10 percent while revenues decreased 9.59 percent compared with the same quarter last year.
According to street consensus, WW was expected to report 2Q20 income of $ 0.70 per share from revenue of $ 340.00 million. The bottom line results missed street analysts by $ 0.03 or 4.29 percent, at the same time, top line results fell short of analysts by $ 6.36 million or 1.87 percent.
Stock Performance
Shares of Weight Watchers International Inc traded low $ -0.95 or -4.12 percent on Wednesday, reaching $ 22.13 with volume of 1.13 million shares. Weight Watchers International Inc has traded high as $ 22.78 and has cracked $ 21.82 on the downward trend
According to the previous trading day, closing price of $ 22.13, representing a 136.72 % increase from the 52 week low of $ 9.75 and a 51.09 % decrease over the 52 week high of $ 47.19.
The company has a market capital of $ 1.48 billion and is part of the Consumer Cyclical sector and Personal Services industry.
Conference Call
Weight Watchers International Inc will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website corporate.ww.com
Weight Watchers International, Inc. provides weight management services worldwide. The company operates in four segments: North America, Continental Europe, United Kingdom, and Other.
