Hillenbrand Inc reports results for the quarter ended in June - Earnings Summary

Hillenbrand

08/08/2024 06:23

* Hillenbrand Inc  HI.N  reported quarterly adjusted
earnings of
85 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 95
cents.  The mean expectation of five analysts for the quarter
was for earnings of 82 cents per share. Wall Street expected
results to range from 80 cents to 85 cents per share.
    * Revenue rose 9.8% to $786.60 million from a year ago;
analysts
expected $814.55 million. 
    * Hillenbrand Inc's reported EPS for the quarter was a loss
of
$3.53​.
    * The company reported a quarterly loss of $248.9 million.
    * Hillenbrand Inc shares had fallen by 5.0% this quarter and
lost 20.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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

Wall Street's median 12-month price target for Hillenbrand Inc
is $56.00 
This summary was machine generated from LSEG data August 8 at
05:23 a.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
 Jun. 30 2024      0.82           0.85           Beat
 Mar. 31 2024      0.75           0.76           Beat
 Dec. 31 2023      0.68           0.69           Beat
 Sep. 30 2023      1.04           1.13           Beat