Herbalife recently jumped into a new all-time high after reporting strong second quarter results that included a 17% earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock offers a healthy serving of momentum.
Herbalife is a network marketing company that specializes in selling weight management, nutritional and personal care products worldwide. The company was founded in 1980 and has a market cap of $6.9 billion.
We got an update on Herbalife’s business on August 1 with strong second-quarter results that came in ahead of expectations.
Second-Quarter Results Revenue for the period was up 27% from last year to $880 million. Earnings also came in strong at 88 cents, 17% ahead of the Zacks Consensus Estimate, where the company has an average earnings surprise of 16% over the last four quarters.
The good results were driven by a strong showing in Asia Pacific, where sales were up 38% from last year to $237 million. South and Central America however saw the biggest gain, with sales up 57% from last year to $130 million.
Logo from Herbalife