Hain Celestial (HAIN) Reports Earnings Tomorrow: What To Expect

Jabin Bastian /
2024/05/07 3:08 am EDT

Natural food company Hain Celestial (NASDAQ:HAIN) will be announcing earnings results tomorrow before market hours. Here's what to look for.

Hain Celestial missed analysts' revenue expectations by 1.7% last quarter, reporting revenues of $454.1 million, flat year on year. It was a weak quarter for the company, with a miss of analysts' revenue and earnings 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 grow 1.8% year on year to $463.4 million, a reversal from the 9.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 per share.

Hain Celestial Total Revenue

The majority of analysts covering the company have 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 Q1 results, giving us a hint as to what we can expect. Mondelez delivered year-on-year revenue growth of 3%, beating analysts' expectations by 1.5%, and BellRing Brands reported revenues up 28.3%, topping estimates by 5.9%. Mondelez traded down 1.8% following the results.

Read our full analysis of Mondelez's results here and BellRing Brands's results here.

Investors in the shelf-stable food segment have had steady hands going into earnings, with share prices flat over the last month. Hain Celestial is down 1.9% during the same time and is heading into earnings with an average analyst price target of $11.1 (compared to the current share price of $6.58).

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