Honest (HNST) to Release Earnings on Wednesday

Key Points

• Honest is set to announce its Q2 2025 earnings on August 6th, with analysts expecting earnings of $0.05 per share and revenue of $92.18 million.
• The company recently reported $0.03 EPS for Q1 2025, surpassing analysts' expectations, along with a revenue of $97.25 million.
• Honest's stock has a current market cap of $512.06 million and a consensus price target of $7.70, with ratings ranging from "hold" to "strong buy" among analysts.

Honest (NASDAQ:HNST - Get Free Report) is anticipated to release its Q2 2025 earnings data after the market closes on Wednesday, August 6th. Analysts expect Honest to post earnings of $0.05 per share and revenue of $92.18 million for the quarter. Honest has set its FY 2025 guidance at EPS.

Honest (NASDAQ:HNST - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Honest had a negative net margin of 0.38% and a negative return on equity of 0.95%. The company had revenue of $97.25 million for the quarter, compared to the consensus estimate of $92.46 million. On average, analysts expect Honest to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Honest Trading Down 2.8%

NASDAQ HNST traded down $0.13 on Friday, hitting $4.48. 2,767,935 shares of the company's stock traded hands, compared to its average volume of 2,808,593. Honest has a 1-year low of $2.99 and a 1-year high of $8.97. The firm's 50-day moving average price is $4.80 and its two-hundred day moving average price is $5.09. The firm has a market capitalization of $493.88 million, a PE ratio of -224.00 and a beta of 2.34.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $7.00 target price on shares of Honest in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $7.70.

Insiders Place Their Bets

In related news, General Counsel Brendan Sheehey sold 12,017 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $5.32, for a total value of $63,930.44. Following the sale, the general counsel owned 580,647 shares of the company's stock, valued at $3,089,042.04. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Loretta sold 34,389 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $5.32, for a total transaction of $182,949.48. Following the completion of the sale, the chief financial officer directly owned 883,153 shares in the company, valued at approximately $4,698,373.96. This trade represents a 3.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,726 shares of company stock valued at $881,662. 8.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Honest

Hedge funds have recently modified their holdings of the business. Millennium Management LLC boosted its holdings in Honest by 16.4% during the first quarter. Millennium Management LLC now owns 1,936,846 shares of the company's stock worth $9,103,000 after buying an additional 272,765 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Honest by 18.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,064,179 shares of the company's stock worth $5,002,000 after buying an additional 163,380 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Honest by 6.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company's stock worth $235,000 after buying an additional 3,210 shares in the last quarter. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

About Honest

The Honest Company, Inc manufactures and sells diapers and wipes, skin and personal care, and household and wellness products. The company also offers baby clothing and nursery bedding products. It sells its products through digital and retail sales channels, such as its website and third-party ecommerce sites, as well as brick and mortar retailers.