Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Honest Company (HNST)
NASDAQ:HNST
Holding HNST?
Track your performance easily
Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.02Last Year’s EPS
$0.01Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 43.54%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a strong positive sentiment with record-breaking revenue and gross margin expansion, sustained adjusted EBITDA growth, and successful marketing initiatives. Despite some concerns over nonrecurring legal expenses and potential risks from China sourcing, the overall outlook remains positive with a focus on sustainable growth and cost savings.Company Guidance
During the Honest Company's Q3 2024 earnings call, significant financial metrics were highlighted, underscoring the company's strong performance and updated guidance. The company achieved its highest quarterly revenue to date, reaching $99 million, marking a 15% increase year-over-year. Gross margin expanded by 710 basis points to 39%, and adjusted EBITDA was positive at $7 million, signifying the fourth consecutive quarter of positive adjusted EBITDA. The company also reported a 9% increase in the consumption of its products year-over-year, outperforming the 2% decline in the broader personal care sector. In light of these results, Honest Company raised its full-year 2024 guidance, anticipating high single-digit percentage growth in revenue and adjusted EBITDA in the range of $20 million to $22 million, reflecting ongoing strategic initiatives in brand maximization, margin enhancement, and operating discipline.Record-Breaking Revenue and Growth
The Honest Company reported its highest quarterly revenue of $99 million, a 15% increase year-over-year, marking the highest in the company's history.
Gross Margin Expansion
The company achieved a gross margin of 38.7%, a record high, representing an expansion of 710 basis points over the same period last year.
Adjusted EBITDA Growth
Adjusted EBITDA was $7 million, marking the fourth consecutive quarter of positive adjusted EBITDA, compared to negative $1 million last year.
Increased Household Penetration
Household penetration reached 6.7%, an increase of 23 basis points versus last year.
Successful Marketing and Retail Campaigns
Strong performance in marketing campaigns and retail events, including Amazon Prime Day and Target Circle Week, led to increased brand awareness and consumer demand.
Sustainable Cost Savings
The company realized structural savings in supply chain and product costs, contributing to gross margin improvements.
---
HNST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
HNST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $4.80 | $6.01 | +25.21% |
| Aug 08, 2024 | $3.24 | $3.68 | +13.58% |
| May 08, 2024 | $2.95 | $3.13 | +6.10% |
| Mar 06, 2024 | $3.15 | $3.93 | +24.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Honest Company (HNST) report earnings?
Honest Company (HNST) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Honest Company (HNST) earnings time?
Honest Company (HNST) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HNST EPS forecast?
HNST EPS forecast for the fiscal quarter 2024 (Q4) is -$0.02.
---
