Honest Co Q1 2024 GAAP EPS $(0.01) Beats $(0.07) Estimate, Sales $86.217M Beat $83.283M Estimate
Portfolio Pulse from Benzinga Newsdesk
Honest Co (NASDAQ:HNST) reported Q1 2024 earnings with a GAAP EPS of $(0.01), surpassing the $(0.07) estimate, and sales of $86.217M, beating the $83.283M estimate. This represents a significant improvement over the previous year's losses and sales figures.
May 08, 2024 | 10:15 pm
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POSITIVE IMPACT
Honest Co reported a smaller loss than expected and higher sales for Q1 2024, indicating a strong performance and potential growth.
Beating both EPS and sales estimates significantly, especially with an 85.71% beat on the EPS estimate and a 3.52% beat on sales estimates, indicates operational efficiency and market demand. This performance is likely to positively influence investor sentiment and could lead to a short-term uptick in HNST's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100