Waldencast (NASDAQ:WALD) Issues Quarterly Earnings Results, Misses Expectations By $0.28 EPS

Waldencast (NASDAQ:WALD) released its quarterly earnings results on Monday. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.28), FiscalAI reports. The company had revenue of $13.05 million for the quarter, compared to analysts’ expectations of $65.37 million.

Waldencast Price Performance

Shares of NASDAQ WALD opened at $1.06 on Tuesday. Waldencast has a 12 month low of $0.72 and a 12 month high of $3.22. The company has a quick ratio of 0.97, a current ratio of 1.70 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $1.37 and a 200-day simple moving average of $1.38.

Analyst Ratings Changes

Several research firms recently issued reports on WALD. Canaccord Genuity Group upped their price target on Waldencast from $2.00 to $3.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Weiss Ratings upgraded Waldencast from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.33.

Waldencast Company Profile

Waldencast plc is a global beauty and wellness company that develops, acquires and operates consumer brands across skincare, cosmetics and related personal-care categories. Its portfolio has included Obagi Skincare, a dermatologist-focused skincare brand, and Milk Makeup, a color cosmetics brand known for makeup and skincare products.

The company’s products are designed for distribution through professional, specialty, mass-market and e-commerce channels. Waldencast serves consumers in multiple international markets through retail partners, digital commerce and professional skincare channels, although the availability of individual brands and products can vary by geography.

Waldencast was established as a beauty-focused platform and became a publicly traded company on Nasdaq in 2022 through a business combination with a special purpose acquisition company.