Here we peel back the onion on what happened when Blackmores last reported earnings.
The post What happened to the Blackmores (ASX:BKL) share price last earnings season? appeared first on The Motley Fool Australia. –
In early trading today, the Blackmores share price is up 0.56% at $78.97 apiece.
As the nutritional supplement company prepares to report its FY21 earnings on Thursday, let’s take a look at what happened to the Blackmores share price last earnings season back in February.
What did Blackmores deliver in its half year results?
Blackmores detailed a pattern of growth in its FY21 half-year results in February, including:
Revenue of $302.6 million that grew 4% on a constant currency basis
International and China revenue growth of 13% and 25% respectively
10% decline in ANZ revenue to $148 million
Net profit after tax (NPAT) of $19.4 million, an 8% increase from the year prior
Fully franked interim dividend of 29 cents per share.
While Blackmores did not shed any colour on guidance expectations, it did state that revenue in H2 would be “slightly lower” than H1.
Furthermore, it announced it would hand back $2.4 million of the $10.4 million in Jobkeeper assistance provided by the government for COVID-19 relief.
How did the Blackmores share price react?
The results were well received by the market, as investors drove the Blackmores share price north in the days following the announcement.
Blackmores shares climbed around 10% in the two days after the report, peaking at $81.41 before retracing to $76.57 the week after.
Afterwards, the Blackmores share price regained momentum and again shot back up near its 52-week high, closing at $87.19 on 15 March.
One month after its FY21 half-year results, Blackmores shares closed at $82.92, a 12% climb, despite no other market-sensitive information during this time.
Considering how its earnings growth was a positive to the Blackmores share price in February, investors will no doubt hope for a similar performance this time around.
This is especially true when factoring the recent run-up on the charts the company’s shares have exhibited since May.
At the current Blackmores share price, the company has a market capitalisation of $1.5 billion.
Should you invest $1,000 in Blackmores right now?
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The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Blackmores Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.