Honest Company Inc reports results for the quarter ended in March - Earnings Summary

Honest

09/05/2024 17:53

* Honest Company Inc  HNST.OQ  reported a quarterly adjusted
loss
of 1 cent​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -20 cents.  The mean expectation of six analysts for the
quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -10 cents to -3 cents per share.
    * Revenue rose 3.4% to $86.22 million from a year ago;
analysts
expected $83.28 million. 
    * Honest Company Inc's reported EPS for the quarter was a
loss of
1 cent​.
    * The company reported a quarterly loss of $1.4 million.
    * Honest Company Inc shares had fallen by 27.2% this
quarter and
lost 10.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 15% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
specialty retailers peer group is  "hold."

Wall Street's median 12-month price target for Honest Company
Inc is $4.00 
This summary was machine generated from LSEG data May 9 at 04:53
p.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.07          -0.01          Beat
 Dec. 31 2023      -0.08          0.01           Beat
 Sep. 30 2023      -0.12          -0.09          Beat
 Jun. 30 2023      -0.13          -0.14          Missed