Blyth (NYSE:BTH) Looks Weak for Some Time to Come

Blyth, Inc. (NYSE:BTH) had their EPS estimates lowered on them from Jefferies (NYSE:JEF), as challenges at PartyLite US and Europe continue, and concerns over commodity costs weigh on the company.

Jefferies gave as the reason for lowering their EPS estimates as "continued reported weakness at PartyLite US and across Europe as well as management's cautious view on commodity cost pressures and a negative mix shift. We expect this weakness to persist for the foreseeable future."

EPS estimates were lowered for full year 2011 from $2.90 to $2.80, and for full year 2012 from $3.15 to $2.95.

Full year 2011 revenue estimates were raised from $849.1 million to $870 million, and for 2012 from $807.9 million to $849.1 million.

Blyth closed Monday at $37.70 with volume over double the normal 3-month daily average.