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

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

Waldencast Stock Up 2.9%

Shares of NASDAQ WALD opened at $1.06 on Tuesday. Waldencast has a one year low of $0.72 and a one year high of $3.22. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.70. The business has a 50-day moving average price of $1.37 and a two-hundred day moving average price of $1.38.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings upgraded Waldencast from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 21st. Canaccord Genuity Group upped their price objective on shares of Waldencast from $2.00 to $3.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.