The Hain Celestial Group, Inc. Third Quarter Earnings Sneak Peek
The Hain Celestial Group, Inc. (NASDAQ:HAIN) will unveil its latest earnings on Thursday, May 3, 2012. Hain Celestial Group manufactures, markets, distributes and sells natural and organic specialty and snack food products and natural personal care products.
The Hain Celestial Group, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 50 cents per share, a rise of 38.9% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 27.4% versus last year to $1.72.
Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at net income of 52 cents a share versus the estimate of profit of 49 cents a share. It marked the fourth straight quarter of beating estimates.
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Wall St. Revenue Expectations: Analysts predict a rise of 40.6% in revenue from the year-earlier quarter to $405.5 million.
Analyst Ratings: Analysts are high on the stock, with eight analysts rating it as a buy, none rating it as a sell and three rating it as a hold.
A Look Back: In the second quarter, profit rose 23.2% to $20 million (44 cents a share) from $16.3 million (37 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 32.1% to $385.6 million from $291.9 million.
With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 26.6% over the last four quarters.
After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 92% in the fourth quarter of the last fiscal year and 28.5% in the first quarter before increasing again in the second quarter.
Stock Price Performance: Between February 1, 2012 and April 27, 2012, the stock price rose $9 (23.2%), from $38.76 to $47.76. The stock price saw one of its best stretches over the last year between January 5, 2012 and January 19, 2012, when shares rose for 10 straight days, increasing 8% (+$2.75) over that span. It saw one of its worst periods between May 27, 2011 and June 6, 2011 when shares fell for six straight days, dropping 7.3% (-$2.63) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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