Hawkins Q3 EPS $0.71 Beats $0.61 Estimate, Sales $208.50M Miss $221.24M Estimate
Portfolio Pulse from totan@benzinga.com
Hawkins, Inc. (NASDAQ:HWKN) reported Q3 earnings of $0.71 per share, surpassing the consensus estimate of $0.61 by 16.39% and marking a 39.22% increase from the previous year. However, the company's quarterly sales of $208.50 million fell short of the expected $221.24 million by 5.76%, representing a 4.89% decline from the same period last year.
January 31, 2024 | 9:13 pm
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NEUTRAL IMPACT
Hawkins reported higher-than-expected Q3 EPS at $0.71, but sales missed estimates at $208.50M, indicating mixed financial performance.
The positive earnings beat may provide some upward momentum for HWKN stock due to better-than-expected profitability. However, the miss on revenue estimates could temper investor enthusiasm, as it suggests potential challenges in sales growth or market demand. The mixed results lead to a neutral short-term impact score, as the market may need time to digest both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100