Recap: Hawkins Q3 Earnings
Portfolio Pulse from Benzinga Insights
Hawkins (NASDAQ:HWKN) reported Q3 earnings with an EPS of $0.71, beating estimates by 16.39% but with a revenue decline of $10.72 million from the previous year. Last quarter's EPS beat resulted in a 5.03% share price drop the following day.
January 31, 2024 | 9:15 pm
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NEUTRAL IMPACT
Hawkins reported a strong Q3 EPS beat but saw a decrease in revenue compared to last year. Historical performance suggests potential volatility in share price following earnings reports.
While Hawkins' EPS beat could be seen as a positive indicator, the decline in revenue and historical share price drop after last quarter's earnings beat suggest a mixed impact on the stock price. The market may react positively to the earnings surprise but could also be concerned about the revenue decline.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100