Hillman (HLMN) Reports Q3: Everything You Need To Know Ahead Of Earnings

StockStory
05 Nov 2024
Hillman (HLMN) Reports Q3: Everything You Need To Know Ahead Of Earnings

Hardware products and merchandising solutions provider Hillman (NASDAQ:HLMN) will be announcing earnings results tomorrow morning. Here’s what investors should know.

Hillman missed analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $379.4 million, flat year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ operating margin estimates but full-year revenue guidance missing analysts’ expectations.

Is Hillman a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Hillman’s revenue to decline 2.4% year on year to $389.5 million, a reversal from the 5.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hillman has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Hillman’s peers in the professional tools and equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. ESAB’s revenues decreased 1.1% year on year, beating analysts’ expectations by 8.5%, and Snap-on reported flat revenue, topping estimates by 7.8%. ESAB traded up 12.6% following the results while Snap-on was also up 9.4%.

Read our full analysis of ESAB’s results here and Snap-on’s results here.

Investors in the professional tools and equipment segment have had steady hands going into earnings, with share prices flat over the last month. Hillman is up 8.8% during the same time and is heading into earnings with an average analyst price target of $12.19 (compared to the current share price of $10.87).

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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