(HELE) Helen of Troy Limited – Earnings Estimates Jump

January 18th, 2010

Helen of Troy Ltd. (HELE) just hit a new 52-week high after reporting better than expected Q3 results on Jan 11.

Third-Quarter Results

Although sales were down a marginal 2% from last year to $189 million, earnings came in strong at 80 cents, 8 cents ahead of the Zacks Consensus Estimate. The company has beat in each of the last four quarters by an average of 14 cents, or 58%.

The solid results were driven by controlling costs and Helen’s Housewares Segment, where sales were up 22% from last year.

Estimates Jump

Estimates jumped higher on the good quarter, with the current year adding 9 cents and moving to $2.28. The next-year estimate is also up 8 cents, climbing to $2.47, an 8% growth projection.

The Chart

Shares of HELE hit a new 52-week high at $25.88 on the strong quarter, take a look below.

Michael Vodicka is the Momentum Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Surprise Trader Service.

Zacks Investment Research

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