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

Honest

09/08/2024 11:02

* Honest Company Inc  HNST.OQ  reported a quarterly adjusted
loss
of 4 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -14 cents.  The mean expectation of six analysts for the
quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -6 cents to -2 cents per share.
    * Revenue rose 10.1% to $93.05 million from a year ago;
analysts
expected $87.31 million. 
    * Honest Company Inc's reported EPS for the quarter was a
loss
of 4 cents​.
    * The company reported a quarterly loss of $4.08 million.
    * Honest Company Inc shares had risen by 11.0% this
quarter and
lost 1.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
specialty retailers peer group is also "buy"

Wall Street's median 12-month price target for Honest Company
Inc is $4.00 
This summary was machine generated from LSEG data August 9 at
10:02 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      -0.04          -0.04          Met
 Mar. 31 2024      -0.07          -0.01          Beat
 Dec. 31 2023      -0.08          0.01           Beat
 Sep. 30 2023      -0.12          -0.09          Beat