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

• Kenvue Inc KVUE reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 27 cents to 29 cents per share.

• Revenue fell 4% to $3.84 billion from a year ago; analysts expected $3.84 billion.

• Kenvue Inc's reported EPS for the quarter was 22 cents​.

• The company reported quarterly net income of $420 million.

• Kenvue Inc shares had risen by 2.4% this quarter and gained 0.4% 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, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 14 "hold" and no "sell" or "strong sell." The average consensus recommendation for the personal products peer group is "buy."

• Wall Street's median 12-month price target for Kenvue Inc is $23.25, about 7.8% above its last closing price of $21.44

This summary was machine generated from LSEG data August 7 at 03:33 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)