US$5.21 - That's What Analysts Think The Honest Company, Inc. (NASDAQ:HNST) Is Worth After These Results

Simply Wall St.08-11

As you might know, The Honest Company, Inc. (NASDAQ:HNST) just kicked off its latest second-quarter results with some very strong numbers. Honest Company beat expectations with revenues of US$93m ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2458699077?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/_kZOVgp9mzpLivYgIet9SA--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/8045a103f8959173903f7a11497803b2","is_english":true,"pubTime":"2024-08-11 22:01","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2458699077","market":"us","top_or_hot":-1,"title":"US$5.21 - That's What Analysts Think The Honest Company, Inc. (NASDAQ:HNST) Is Worth After These Results","media":"Simply Wall St.","content":"<div>\n<p>As you might know, The Honest Company, Inc. (NASDAQ:HNST) just kicked off its latest second-quarter results with some very strong numbers. Honest Company beat expectations with revenues of US$93m ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-5-21-thats-analysts-140115925.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US$5.21 - That's What Analysts Think The Honest Company, Inc. (NASDAQ:HNST) Is Worth After These Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS$5.21 - That's What Analysts Think The Honest Company, Inc. (NASDAQ:HNST) Is Worth After These Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-11 22:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-5-21-thats-analysts-140115925.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As you might know, The Honest Company, Inc. (NASDAQ:HNST) just kicked off its latest second-quarter results with some very strong numbers. Honest Company beat expectations with revenues of US$93m ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-5-21-thats-analysts-140115925.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/us-5-21-thats-analysts-140115925.html","article_id":"2458699077","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/_kZOVgp9mzpLivYgIet9SA--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/8045a103f8959173903f7a11497803b2"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2458699077","pubTimestamp":1723384875,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"As you might know, The Honest Company, Inc.  just kicked off its latest second-quarter results with some very strong numbers. Honest Company beat expectations with revenues of US$93m arriving 6.8% ahead of forecasts. The company also reported a statutory loss of US$0.04, 8.4% smaller than was expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest  post-earnings forecasts for next year.The most obvious conclusion is that the analysts made no changes to their forecasts for a loss next year. They also upgraded their revenue forecasts, although the latest estimates suggest that Honest Company will grow in line with the overall industry. There was also a nice increase in the price target, with the","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","QID":"纳指两倍做空ETF","BK4112":"金融交易所和数据","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","NDAQ":"纳斯达克OMX交易所","BK4183":"个人用品","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","HNST":"The Honest Company, Inc.","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4539":"次新股","BK4585":"ETF&股票定投概念","TQQQ":"纳指三倍做多ETF","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF"},"translate_title":"美国5.21美元——这就是分析师在这些结果公布后认为The Honest Company,Inc.（纳斯达克股票代码：HNST）的价值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NDAQ":1,"HNST":1,".IXIC":1,"TQQQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"As you might know, The Honest Company, Inc. (NASDAQ:HNST) just kicked off its latest second-quarter results with some very strong numbers. Honest Company beat expectations with revenues of US$93m arriving 6.8% ahead of forecasts. The company also reported a statutory loss of US$0.04, 8.4% smaller than was expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. \n View our latest analysis for Honest Company \n\n\n\n  NasdaqGS:HNST Earnings and Revenue Growth August 11th 2024\n \n\n Following the latest results, Honest Company's seven analysts are now forecasting revenues of US$368.5m in 2024. This would be an okay 3.6% improvement in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 26% to US$0.092. Before this latest report, the consensus had been expecting revenues of US$360.2m and US$0.13 per share in losses. So it seems there's been a definite increase in optimism about Honest Company's future following the latest consensus numbers, with a considerable decrease in the loss per share forecasts in particular. \n The consensus price target rose 14% to US$5.21, with the analysts encouraged by the higher revenue and lower forecast losses for next year. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Honest Company analyst has a price target of US$6.50 per share, while the most pessimistic values it at US$4.00. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation. \n Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Honest Company's growth to accelerate, with the forecast 7.3% annualised growth to the end of 2024 ranking favourably alongside historical growth of 4.6% per annum over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 6.3% annually. Honest Company is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors. \nThe Bottom Line \n The most obvious conclusion is that the analysts made no changes to their forecasts for a loss next year. They also upgraded their revenue forecasts, although the latest estimates suggest that Honest Company will grow in line with the overall industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving. \n With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Honest Company analysts - going out to 2026, and you can see them free on our platform here. \n You still need to take note of risks, for example - Honest Company has   2 warning signs   we think you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2458699077"}