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 $370.1 million, up 3% year on year. It was a slower quarter for the company, with EPS in line with analysts’ estimates and a miss of analysts’ EBITDA estimates.
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 8.4% year on year, improving from the 6.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 professional tools and equipment segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Stanley Black & Decker posted flat year-on-year revenue, meeting analysts’ expectations, and Fortive reported revenues up 7.9%, topping estimates by 2.5%. Stanley Black & Decker traded up 1.4% following the results while Fortive was down 8.8%.
Read our full analysis of Stanley Black & Decker’s results here and Fortive’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the professional tools and equipment stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5% on average over the last month. Hillman is down 1.1% during the same time and is heading into earnings with an average analyst price target of $12 (compared to the current share price of $7.87).
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