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

Hillenbrand

01/05/2024 19:55

* Hillenbrand Inc  HI.N  reported quarterly adjusted
earnings of
76 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 74
cents.  The mean expectation of four analysts for the quarter
was for earnings of 75 cents per share. Wall Street expected
results to range from 74 cents to 75 cents per share.
    * Revenue rose 13.7% to $785.30 million from a year ago;
analysts
expected $810.69 million. 
    * Hillenbrand Inc's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $6.1 million.
    * Hillenbrand Inc shares had fallen by 5.1% this quarter and
lost 0.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.3%
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
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is  "buy."

Wall Street's median 12-month price target for Hillenbrand Inc
is $60.50 
This summary was machine generated from LSEG data May 1 at 06:54
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      0.75           0.76           Beat
 Dec. 31 2023      0.68           0.69           Beat
 Sep. 30 2023      1.04           1.13           Beat
 Jun. 30 2023      0.92           0.95           Beat