Hillenbrand Q3 Adj $0.85 Beats $0.82 Estimate, Sales $786.60M Miss $814.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hillenbrand (NYSE:HI) reported Q3 earnings of $0.85 per share, beating the analyst estimate of $0.82 but showing a decrease from $0.95 per share last year. Quarterly sales were $786.60 million, missing the $814.55 million estimate but increasing from $717.00 million last year.
August 07, 2024 | 9:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Hillenbrand reported Q3 earnings of $0.85 per share, beating the $0.82 estimate but down from $0.95 last year. Sales were $786.60M, missing the $814.55M estimate but up from $717.00M last year.
The mixed results, with earnings beating but sales missing estimates, create a neutral short-term outlook. The decrease in earnings from last year is a concern, but the increase in sales provides some positive context.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100