The Hain Celestial Group, Inc. (NASDAQ: HAIN) is likely to register top- and bottom-line decline when it reports fourth-quarter fiscal 2024 earnings on Aug 27. The Zacks Consensus Estimate for revenues is pegged at $418.2 million, suggesting a decrease of 6.6% from the prior-year quarter's reported figure. The consensus mark for HAIN's fiscal 2024 revenues is pegged at $1.7 billion, indicating a 3.4% decline from the year-ago period's reported figure.
The Zacks Consensus Estimate for quarterly earnings has remained unchanged in the past 30 days at 8 cents per share, suggesting a decline of 27.3% from the year-ago quarter's reported figure. The consensus mark for HAIN's fiscal 2024 earnings is pegged at 29 cents per share, indicating a 42% slump from the year-ago period's reported figure. HAIN has a trailing four-quarter earnings surprise of 32%, on average.
Things To Note
Hain Celestial is witnessing a persistent weakness in the North America unit, stemming from softness in the baby and kids category. In addition, prolonged stabilization in the Personal Care segment is exerting pressure on the company's performance. Slower-than-anticipated rebound in the infant formula division and snacks categories are further complicating matters. The continuation of these challenges into the fiscal fourth quarter is likely to have negatively impacted sales and overall performance. Our model suggests a 7.3% organic sales decline in the North America ...
