Stock Story -
Hardware products and merchandising solutions provider Hillman Solutions (NASDAQ:HLMN) will be reporting results tomorrow before market open. Here's what you need to know.
Hillman missed analysts' revenue expectations by 1.2% last quarter, reporting revenues of $350.3 million, flat year on year. It was a mixed quarter for the company, with a solid beat of analysts' earnings estimates.
Is Hillman a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Hillman's revenue to grow 1.4% year on year to $385.2 million, a reversal from the 3.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hillman has missed Wall Street's revenue estimates five times over the last two years.
Looking at Hillman's peers in the professional tools and equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Stanley Black & Decker's revenues decreased 3.2% year on year, meeting analysts' expectations, and ESAB reported a revenue decline of 1.9%, topping estimates by 3%. Stanley Black & Decker traded up 9.5% following the results.
Read the full analysis of Stanley Black & Decker's and ESAB's results on StockStory.
There has been positive sentiment among investors in the professional tools and equipment segment, with share prices up 2.8% on average over the last month. Hillman is up 7.2% during the same time and is heading into earnings with an average analyst price target of $11.9 (compared to the current share price of $9.38).
![Earnings To Watch: Hillman (HLMN) Reports Q2 Results Tomorrow](https://d68-invdn-com.investing.com/content/picf871edcb4a6dcf4601420391ec7cbec8.jpeg)