Hain Celestial Group Inc reports results for the quarter ended in March - Earnings Summary

Hain Celestial

08/05/2024 14:32

* Hain Celestial Group Inc  HAIN.OQ  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 8 cents.  The mean expectation of
fourteen analysts for the quarter was for earnings of 7 cents
per share. Wall Street expected results to range from 4 cents
to 14 cents per share.
    * Revenue fell 3.7% to $438.36 million from a year ago;
analysts
expected $463.39 million. 
    * Hain Celestial Group Inc's reported EPS for the quarter
was a
loss of 54 cents​.
    * The company reported a quarterly loss of $48.19 million.
    * Hain Celestial Group Inc shares had fallen by 15.3% this
quarter and lost 39.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 39.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the food
processing
peer group is also "buy"

Wall Street's median 12-month price target for Hain Celestial
Group Inc is $10.00 
This summary was machine generated from LSEG data May 8 at 01:31
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.07           0.13           Beat
 Dec. 31 2023      0.12           0.12           Met
 Sep. 30 2023      -0.06          -0.04          Beat
 Jun. 30 2023      0.10           0.11           Beat