Kenvue Inc reports results for the quarter ended in September 30 - Earnings Summary

• Kenvue Inc KVUE.N reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of twelve analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 26 cents to 30 cents per share.

• Revenue fell 0.4% to $3.90 billion from a year ago; analysts expected $3.93 billion.

• Kenvue Inc's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $383 million.

• Kenvue Inc shares had fallen by 2.7% this quarter and gained 4.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the personal products peer group is "hold."

Wall Street's median 12-month price target for Kenvue Inc is 24.00

This summary was machine generated from LSEG data November 7 at 03:07 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)