Natural food company Hain Celestial (NASDAQ:HAIN) will be reporting results tomorrow before market hours. Here’s what to look for.
Hain Celestial met analysts’ revenue expectations last quarter, reporting revenues of $394.6 million, down 7.2% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income 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 5.2% year on year to $430.5 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.
Analysts covering the company have generally 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 Q4 results, giving us a hint as to what we can expect. Mondelez delivered year-on-year revenue growth of 3.1%, meeting analysts’ expectations, and BellRing Brands reported revenues up 23.8%, topping estimates by 1.2%. Mondelez traded up 2.4% following the results while BellRing Brands was down 4.1%.
Read our full analysis of Mondelez’s results here and BellRing Brands’s results here.
Investors in the shelf-stable food segment have had fairly steady hands going into earnings, with share prices down 1.9% on average over the last month. Hain Celestial is down 5% during the same time and is heading into earnings with an average analyst price target of $9.04 (compared to the current share price of $4.76).
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