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Haynes International Inc reports results for the quarter ended in January - Earnings Summary
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Haynes International Inc reports results for the quarter ended in January - Earnings Summary
  • Haynes International Inc HAYN.OQ reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended in January, lower than the same quarter last year, when the company reported EPS of 68 cents. The mean expectation of four analysts for the quarter was for earnings of 84 cents per share. Wall Street expected results to range from 80 cents to 89 cents per share.

  • Revenue rose 108.3% to $299.75 million from a year ago; analysts expected $158.81 million.

  • Haynes International Inc's reported EPS for the quarter was 63 cents​.

  • The company reported quarterly income of $8.13 million.

  • Haynes International Inc shares had risen by 1.4% this quarter and gained 4.4% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 22.3% in the last three months.​

  • In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is "strong buy" or "buy," 3 "hold" and "sell" or "strong sell."

  • The average consensus recommendation for the iron & steel peer group is also "hold"

Wall Street's median 12-month price target for Haynes International Inc is $61.00

This summary was machine generated from LSEG data August 2 at 02:12 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Jun. 30 2024

0.84

0.63

Missed

Mar. 31 2024

0.82

0.66

Missed

Dec. 31 2023

0.70

0.60

Missed

Sep. 30 2023

1.03

1.02

Missed

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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