Yahoo Finance Factors to Note Ahead of Hain Celestial's (HAIN) Q3 Earnings
The Hain Celestial Group, Inc. HAIN will likely register a top- and a bottom-line decline when it reports third-quarter fiscal 2023 earnings on May 9. The Zacks Consensus Estimate for quarterly revenues is pegged at $480.4 million, indicating a decline of 4.5% from the year-ago quarter’s actuals.
The consensus mark for fiscal third-quarter earnings has been stable at 16 cents in the past 30 days, suggesting a plunge of 51.5% from the year-ago quarter’s figure.
We expect revenues of $478.9 million to reflect an organic decline of 1.1% year over year and the bottom line to decline 53.9% to 15 cents per share for the fiscal third quarter.
The organic and natural products company has a trailing four-quarter negative earnings surprise of 13.9%, on average. HAIN delivered an earnings surprise of 42.9% in the last reported quarter.
The Hain Celestial Group, Inc. Price and EPS Surprise
The Hain Celestial Group, Inc. price-eps-surprise | The Hain Celestial Group, Inc. Quote
Things To Note
Hain Celestial has been grappling with escalated inflationary environment. In this regard, inflation in raw materials, elevated energy expenses and a fixed-cost deleverage have been a concern. The company is also witnessing supply-chain disruptions in parts of its business. The company’s international presence keeps it exposed to unfavorable currency fluctuations.
For the third quarter of fiscal 2023, Hain Celestial expects an adjusted net sales decline in low-single digits owing to the North American demand surge for baby formula in the year-earlier period; packaging and formula shortages in the baby food category; and lost customer promotional programs in the North America across Personal Care and ParmCrisps.
Management anticipates modest adjusted gross margins decline on a year-over-year basis and sequentially in the to-be-reported quarter. Adjusted EBITDA at a constant-currency basis is likely to have remained in the mid-$40 million range with much of the decline versus the second quarter of the current fiscal year, driven by the shift in marketing spend and higher brand-building investments.
That being said, Hain Celestial’s pricing and productivity efforts hold promise. The company has been streaming the operating model, leveraging global capabilities, focusing on leadership and investing in brands.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Hain Celestial this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Hain Celestial carries a Zacks Rank #2 and has an Earnings ESP of -6.25%.
Some Stocks with a Favorable Combination
Here are some companies, which according to our model, also have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Celsius Holdings, Inc. CELH, will release first-quarter 2023 earnings on May 9 and currently has an Earnings ESP of +22.04%. CELH currently sports a Zacks Rank of 1. The Zacks Consensus Estimate for its quarterly revenues is pegged at $223 million, suggesting growth of 67.2% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Celsius’ quarterly earnings has moved up by a penny in the past 30 days to 22 cents per share, suggesting growth of 144.4% from the year-ago quarter’s reported number. CELH has a trailing four-quarter negative earnings surprise of 69.6%, on average.
Conagra Brands CAG has an Earnings ESP of +0.12% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for its quarterly revenues is pegged at $3.1 billion, which suggesting growth of 4.6% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Conagra Brands’ quarterly earnings has moved down 4.7% in the past 30 days to 61 cents per share, indicating a decline of 6.2% from the year-ago quarter’s reported number. CAG has a trailing four-quarter earnings surprise of 13.2%, on average.
Coty COTY currently has an Earnings ESP of +60.97% and a Zacks Rank of 2. COTY is likely to register a top-line improvement when it reports third-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for Coty’ quarterly revenues is pegged at $1.23 billion, calling for growth of 3.6% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for the quarterly EPS of 5 cents suggests an increase from the 3 cents reported in the year-ago quarter. COTY has a trailing four-quarter earnings surprise of 24.2%, on average.
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The Hain Celestial Group, Inc. (HAIN) : Free Stock Analysis Report
Conagra Brands (CAG) : Free Stock Analysis Report
Coty (COTY) : Free Stock Analysis Report
Celsius Holdings Inc. (CELH) : Free Stock Analysis Report
