Here is how Hawkins (HWKN) and Newmont Corporation (NEM) have performed compared to their sector so far this year.
Hawkins (HWKN) showcases strong stock performance fueled by solid earnings, promising growth potential and strategic expansion in the Water Treatment business.
Hawkins (HWKN) could produce exceptional returns because of its solid growth attributes.
It remains to be seen how long the great rotation into small-cap stocks that began in July of this year will last. Since the start of August, the Russell 2000 index that is home to most small-cap securities that trade in the U.S. has declined 8%.
Here is how Hawkins (HWKN) and Alamos Gold (AGI) have performed compared to their sector so far this year.
Hawkins (HWKN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
HWKN, PPC and LMAT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 6, 2024.
Hawkins (HWKN) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.12 per share a year ago.
Hawkins is a leading specialty chemical company with operations in industrial, water treatment, and health and nutrition sectors. The company's prioritization of acquiring water utility assets has led to higher ROICs and a new runway for capital deployment. Valuations support a buy rating for HWKN, with potential for significant earnings growth by FY'26E.
Hawkins (HWKN) acquires Wofford Water Service, strengthening its presence in the southern U.S. and expanding its Water Treatment business in Mississippi.
Hawkins (HWKN) anticipates that the purchase of Intercostal Trading will be accretive to earnings per share this fiscal year.
Hawkins (HWKN) sees strong growth in the Water Treatment segment in the fiscal fourth quarter.