Hain Celestial Group Q4 Adj $0.13 Beats $0.08 Estimate, Sales $418.80M Miss $421.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hain Celestial Group reported Q4 earnings of $0.13 per share, beating the estimate of $0.08, but sales of $418.80M missed the $421.21M estimate. Earnings increased by 18.18% from last year, while sales decreased by 6.48%.
August 27, 2024 | 11:03 am
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Hain Celestial Group's Q4 earnings per share of $0.13 exceeded expectations, but sales fell short of estimates. Despite the earnings beat, the decline in sales compared to last year may concern investors.
The earnings beat is a positive indicator, suggesting better-than-expected profitability. However, the sales miss and year-over-year decline in revenue could offset the positive sentiment, leading to a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100