Honest (HNST) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.14 per share a year ago.
The Honest Company, Inc. is soon reporting its Q2 results, likely showing moderate, expected growth. Recent margin improvements could drive an EPS beat, as great gross margin expansion isn't factored into the Wall Street consensus with The Honest Company's conservative guidance range. The Honest Company stock's valuation remains fairly balanced ahead of earnings.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Honest (HNST) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Reynolds, Central Garden & Pet, The Honest and Lifetime Brands have been highlighted in this Industry Outlook article.
After losing some value lately, a hammer chart pattern has been formed for Honest (HNST), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.