Hillenbrand (HI) Q2 Earnings and Revenues Top Estimates

By Zacks8 days ago

Hillenbrand (HI) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 6.52%. A quarter ago, it was expected that this diversified industrial company specializing in business-to-business products would post earnings of $0.73 per share when it actually produced earnings of $0.96, delivering a surprise of 31.51%.

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Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Hillenbrand, which belongs to the Zacks Funeral Services industry, posted revenues of $722.3 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 2.05%. This compares to year-ago revenues of $648.9 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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