Hawkins (HWKN) got here out with quarterly earnings of $1.15 per share, beating the Zacks Consensus
Hawkins (HWKN) got here out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $0.87 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of three.60%. 1 / 4 in the past, it was anticipated that this chemical maker would put up earnings of $1 per share when it truly produced earnings of $1.11, delivering a shock of 11%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Hawkins, which belongs to the Zacks Chemical – Specialty trade, posted revenues of $147.80 million for the quarter ended September 2020, lacking the Zacks Consensus Estimate by 0.08%. This compares to year-ago revenues of $140.04 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s fast value motion primarily based on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Hawkins shares have added about 11.5% for the reason that starting of the 12 months versus the S&P 500’s acquire of 6.6%.
What’s Subsequent for Hawkins?
Whereas Hawkins has outperformed the market to date this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist buyers handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a powerful monitor file of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Hawkins was combined. Whereas the magnitude and course of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You possibly can see the whole listing of immediately’s Zacks #1 Rank (Sturdy Purchase) shares right here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.62 on $136.55 million in revenues for the approaching quarter and $3.23 on $566.97 million in revenues for the present fiscal 12 months.
Buyers needs to be conscious of the truth that the outlook for the trade can have a fabric impression on the efficiency of the inventory as effectively. By way of the Zacks Trade Rank, Chemical – Specialty is at the moment within the prime 25% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Hawkins, Inc. (HWKN): Free Inventory Evaluation Report
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