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October 22, 2013
13:39 EDTAVP, HLF, NUSNu Skin hits 52-week high after results, guidance top estimates
Shares of global direct selling company Nu Skin Enterprises (NUS) hit a new 52-week high after beating third quarter estimates and raising its full year guidance. WHAT'S NEW: This morning, Nu Skin reported Q3 EPS of $1.80 and revenue of $927.6M against analystsí consensus views of $1.41 and $798.2M. The company forecast Q4 EPS of $1.85-$1.90, and revenue of $1.02B-$1.05B. Analystsí consensus estimates were $1.63 and $899.1M, respectively. The company raised it fiscal 2013 guidance for both sales and profit. Nu Skin now expects to generate revenue of $3.18B-$3.21B this fiscal year, which is up from its prior view of $2.91B-$2.95B. WHAT'S NOTABLE: On the company's earnings conference call, CEO Truman Hunt previewed that on Thursday, at the company's global sales convention, Nu Skin will initiate a new long-term sales goal. The company will challenge its sales force to grow sales to $10B per year by 2020, according to Hunt, which compares to its prior $5 billion a year sales goal. PRICE ACTION: In afternoon trading, Nu Skin rose 5.3% to $108.14. Earlier in the session the stock made a fresh 52-week high of $119.46 and the stock is up nearly 200% year to date given today's advance. OTHERS TO WATCH: Others in the direct selling space include Herbalife (HLF), Avon Products (AVP) and Amway.
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