How did OLPX's Q4 earnings surprise impact its annual performance?

Olaplex's Q4 earnings did not provide a positive surprise, as the company's performance was in line with expectations, with no significant positive or negative surprises reported. Here are the key points to consider: 1. **Q4 Earnings Performance**: Olaplex reported quarterly earnings of $0.04 per share for Q4, which was in line with the Zacks Consensus Estimate. 2. **Annual Performance Impact**: Despite the lack of surprise in Q4, the company's full-year performance was impacted by the overall decline in earnings. Olaplex reported a net income decrease of 27.3% for the third quarter and nine months ended September 30, 2024, with diluted EPS falling to $0.02 from $0.03 in the same period of 2023. 3. **Revenue Decline**: The company's revenue for the quarter ended September 2024, was $119.08 million, representing a year-over-year decline of 3.6%. This decline, although not a surprise, contributed to the overall annual revenue decrease. 4. **Stock Performance**: Olaplex shares had fallen by 23.8% this quarter and lost 29.5% so far this year. The lack of a positive earnings surprise may have contributed to the negative sentiment around the stock. In conclusion, while Olaplex's Q4 earnings were in line with expectations, the overall trend of declining earnings and revenue over the past quarters resulted in a challenging annual performance for the company.