Hardware products and merchandising solutions provider Hillman (NASDAQ: HLMN) will be reporting results this Monday afternoon. Here’s what you need to know.
Hillman missed analysts’ revenue expectations last quarter, reporting revenues of $365.1 million, up 4.5% year on year. It was a slower quarter for the company, with a miss of analysts’ revenue estimates and full-year revenue guidance missing analysts’ expectations.
Is Hillman a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Hillman’s revenue to grow 3.7% year on year, improving from the 2.6% increase it recorded in the same quarter last year.
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 multiple 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 delivered year-on-year revenue growth of 5.2%, beating analysts’ expectations by 2.4%, and Gorman-Rupp reported revenues up 7.7%, topping estimates by 3.5%. Snap-on traded down 1% following the results while Gorman-Rupp was up 16.4%.
Read our full analysis of Snap-on’s results here and Gorman-Rupp’s results here.
There has been positive sentiment among investors in the industrial machinery segment, with share prices up 12.6% on average over the last month. Hillman is up 10% during the same time and is heading into earnings with an average analyst price target of $12.13 (compared to the current share price of $8.80).
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