Hain Celestial Group Down 5.79% To $23.28 After Earnings Miss

Thursday, August 25, 2022 - Hain Celestial Group (HAIN) reported downside earnings and upside revenues.

Hain Celestial Group's earnings came in at an EPS of $0.08 per share, 76% lower than estimates for an EPS of $0.33 per share. The firm's earnings are down 79% since reporting $0.39 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Analyst projections for Hain Celestial Group revenue came in at a consensus of $253.4 million. Fourth-Quarter revenues surpassed estimates for $457 million by $203.7 million (80%). The company achieved 1% growth year-over-year compared to the firm's revenue of $450.7 million from the year-ago quarter. The lower earnings growth relative to revenue signals Hain Celestial Group has not been able to improve its profit margin.

The stock is down 5.79% to $23.28 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

Hain Celestial Group has performed a little above average during the past few months. Before the report, Hain Celestial Group received a Long-Term Technical Rank by InvestorsObserver of 50, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $21.2 on July 14, 2022 and set a 52-week high on November 10, 2021 at $48.88.

Hain Celestial makes better-for- you natural and organic consumer products, with 67% of fiscal 2021 revenue considered grocery, 16% snacks, 10% personal care, and 7% tea. Some of the company's most recognized U.S. brands (48% of sales) are Celestial Seasonings, Terra, Garden of Eatin', Sensible Portions, Greek Gods yogurt, and Earth's Best baby food. Hain also maintains several market- leading brands in the U.K. (31% of sales), such as Ella's Kitchen baby food, New Covent Garden soup, Linda McCartney's plant-based meats, Sun-Pat nut butters, and Hartley's jams and gelatins. Its products can be found in traditional grocery stores, natural foods supermarkets, specialty health stores, mass-market retailers, club warehouses, drugstores, convenience stores, restaurants, and e-commerce sites.