Natural food company Hain Celestial (NASDAQ:HAIN) will be announcing earnings results tomorrow morning. Here’s what investors should know.
Hain Celestial met analysts’ revenue expectations last quarter, reporting revenues of $418.8 million, down 6.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ earnings and organic revenue growth estimates.
Is Hain Celestial a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Hain Celestial’s revenue to decline 7.2% year on year to $394.2 million, a further deceleration from the 3.3% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 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.
Looking at Hain Celestial’s peers in the shelf-stable food segment, some have already reported their Q3 results, giving us a hint as to what we can expect. SunOpta delivered year-on-year revenue growth of 15.5%, beating analysts’ expectations by 1.8%, and Mondelez reported revenues up 4%, in line with consensus estimates. Mondelez’s stock price was unchanged following the results.
Read our full analysis of SunOpta’s results here and Mondelez’s results here.
Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. Hain Celestial is up 3.9% during the same time and is heading into earnings with an average analyst price target of $10.10 (compared to the current share price of $9.05).
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