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Will Hain Celestial Continue Its Positive Earnings Growth?

Sue Miller

What Can Investors Expect from Hain Celestial's 3Q16 Results?

Upcoming fiscal 3Q16

Hain Celestial Group (HAIN) is based in Lake Success, New York. It will be reporting its fiscal 3Q16 results on May 4 before the Market opens.

Positive earnings growth

Analysts expect Hain Celestial’s adjusted EPS (earnings per share) for fiscal 3Q16 to be $0.49—compared to 3Q15 EPS of $0.45. It represents a rise of 9%. Hain Celestial is expected to continue its positive earnings growth. In the above chart, you can see that the company either surpassed or was in line with estimates for the past 12 quarters. Analysts also expect earnings to rise by 7% for 4Q16. The expectations also state that the earnings will be positive for fiscal 2016.

Company’s expectations for earnings

With respect to 2H16, the company expects to see 42%–46% of its 2H16 earnings in the third quarter and the remainder in the fourth quarter. Diluted EPS are estimated to be $1.95–$2.10. This is a rise of 4%–12% compared to fiscal 2015. This figure includes an estimated unfavorable currency impact of ~$0.05.

Hain Celestial’s peers in the food industry include Pinnacle Foods (PF), Kraft Heinz (KHC), and J.M. Smucker (SJM). Pinnacle released its 1Q16 results on April 28. Kraft Heinz and J.M. Smucker are expected to release their next quarter earnings in May and June, respectively. The iShares Morningstar Mid Growth ETF (JKH) invests in Hain Celestial.

Series overview

In this pre-earning series, we’ll cover analysts’ revenue estimates and management’s guidance. We’ll also do a quick recap of how the company performed in its last reported quarter. Finally, we’ll look at the stock price performance, Wall Street analysts’ recommendations over the next 12 months, and the moving averages.

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