The Honest Company, Inc. (NASDAQ:HNST) saw its shares surge 5.21% on Friday, riding a wave of optimism after the personal care products maker delivered a standout Q3 earnings report.
The company founded by actress Jessica Alba reported Q3 revenue of $99.24 million, up an impressive 15.2% year-over-year and exceeding analyst estimates by a solid 6.9%. Honest Company's performance was deemed "incredible" by analysts, with the company posting strong beats on EPS and EBITDA estimates.
Following the robust quarterly showing, analysts have significantly raised their outlook for Honest Company. Consensus estimates now forecast 2025 revenue of $396.6 million, a 7.5% increase over the past 12 months. More notably, analysts upgraded their earnings projections and now expect the company to reach profitability in 2025 with an EPS of $0.023, compared to prior expectations of a loss.
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