Recap: Hillenbrand Q1 Earnings
Portfolio Pulse from Benzinga Insights
Hillenbrand (NYSE:HI) reported Q1 earnings with an EPS of $0.69, beating estimates by 1.47% and showing a revenue increase of $117.60 million from the previous year. Despite beating EPS estimates in the past, such as last quarter's beat by $0.09, the share price dropped by 3.68% the following day. The company's performance over the past four quarters shows consistent earnings and revenue growth.
February 05, 2024 | 9:25 pm
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Hillenbrand reported Q1 earnings with an EPS of $0.69, beating estimates and showing significant revenue growth from the previous year.
Hillenbrand's Q1 earnings beat and revenue growth are positive indicators for the stock. However, historical data shows that even after beating EPS estimates, the share price dropped the following day last quarter. This suggests that while the earnings beat is positive, investors should be cautious of potential short-term volatility in the share price.
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IMPORTANCE 90
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