Hardware products and merchandising solutions provider Hillman (NASDAQ: HLMN) will be reporting results tomorrow before market open. Here’s what you need to know.
Hillman missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $349.6 million, flat year on year. It was a mixed quarter for the company, with a solid beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ EPS estimates.
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 grow 3.1% year on year to $361.3 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.10 per share.
Analysts covering the company have generally 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 industrial machinery segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Snap-on’s revenues decreased 3% year on year, missing analysts’ expectations by 4.1%, and Worthington reported a revenue decline of 3.9%, topping estimates by 6.7%. Snap-on traded down 11.9% following the results while Worthington was up 24%.
Read our full analysis of Snap-on’s results here and Worthington’s results here.
Investors in the industrial machinery segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Hillman is down 12.7% during the same time and is heading into earnings with an average analyst price target of $11.71 (compared to the current share price of $7.67).
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