Weight Watchers (WTW) Stock Continues Rise After Earnings Results
NEW YORK (TheStreet) -- Weight Watchers (WTW) - Get Report stock continues to soar, up by 29.06% to $21.85 in early-morning trading on Friday, after the company's 2015 third quarter earnings results beat expectations.
After the market close on Thursday, the weight management company reported earnings of 39 cents per share on revenue of $273.3 million. Analysts surveyed by Thomson Reuters had forecast for earnings of 29 cents per share on revenue of $266.5 million.
Weight Watchers raised its full-year 2015 earnings guidance to a range between 64 cents and 74 cents per share, up from a prior range between 57 cents and 72 cents per share.
Weight Watchers stock has increased by 217.97% since Oprah announced that she would buy a 10% stake in the company on Oct. 19.
"The response to our groundbreaking partnership with Oprah Winfrey has been terrific," CEO Justin Chambers said in a statement. "I am thrilled about the impact it will have on accelerating our transformation."
Separately, TheStreet Ratings team rates WEIGHT WATCHERS INTL INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
We rate WEIGHT WATCHERS INTL INC (WTW) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: WTW
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