Hain Celestial Earnings: Here’s Why Investors are Selling Shares Now

The Hain Celestial Group, Inc. (NASDAQ:HAIN) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 4.58%.

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The Hain Celestial Group, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 33.33% to $0.72 in the quarter versus EPS of $0.54 in the year-earlier quarter.

Revenue: Rose 20.23% to $456.09 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: The Hain Celestial Group, Inc. reported adjusted EPS income of $0.72 per share. By that measure, the company met the mean analyst estimate of $0.72. It missed the average revenue estimate of $480.22 million.

Quoting Management: “I am extremely pleased to report the strongest sales in the Company’s history led by Hain Celestial US and its continuing consumption gains and increased profitability during the third quarter. In the UK, we are pleased with the contributions of the ambient grocery brands as our team focused on higher margin brand growth and the elimination of unprofitable private label sales, while integrating the acquired business. Hain Daniels also benefitted from the sales and profitability of Cully & Sully in Ireland. Our businesses in Canada and Europe also delivered strong sales and profitable growth,” said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial.

Key Stats (on next page)…

Revenue increased 0.17% from $455.32 million in the previous quarter. EPS were the same at $0.72 as the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.61 and has not changed. For the current year, the average estimate has moved up from a profit of $2.42 to a profit of $2.46 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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