Jefferies Comments on Herbalife's Q1 Earnings (HLF)

Jefferies provided color on Herbalife (NYSE: HLF) in a research report published today.

Herbalife posted better than expected Q1 earnings results. Jefferies predicted earnings per share will be $1.22, while consensus estimate was $1.21. Herbalife posted much higher earnings per share of $1.43, however, beating Jefferies' estimate by 46%.

Jefferies currently has a Buy rating on Herbalife with its price target set at $95.

In today's pre-market trading, Herbalife currently stands at $97.40, up 7.9% on yesterday's closing value of $90.25.