Stock Story -
Natural food company Hain Celestial Group Inc (NASDAQ:HAIN) (NASDAQ:HAIN) will be announcing earnings results tomorrow before market hours. Here's what investors should know.
Last quarter Hain Celestial reported revenues of $425 million, down 3.3% year on year, missing analyst expectations by 1.5%. It was a solid quarter for the company, with an impressive beat of analysts' earnings estimates.
Is Hain Celestial buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Hain Celestial's revenue to grow 1.7% year on year to $462 million, improving on the 4.8% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.
The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing four downward revisions over the last thirty days.
Looking at Hain Celestial's peers in the packaged food segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. Simply Good Foods delivered top-line growth of 2.6% year on year, missing analyst estimates by 0.2% and Post (NYSE:POST) reported revenues up 25.5% year on year, exceeding estimates by 2.4%. Simply Good Foods traded up 1.4% on the results, Post was up 4.8%.
Read the full analysis of Simply Good Foods's and Post's results on StockStory.
Investors in the packaged food segment have had steady hands going into the earnings, with the stocks down on average 1.5% over the last month. Hain Celestial is down 0.7% during the same time, and is heading into the earnings with analyst price target of $13.6, compared to share price of $10.97.
The author has no position in any of the stocks mentioned.