Honest (HNST) Projected to Post Quarterly 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) will likely be issuing its Q2 2025 quarterly 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 posted its earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $97.25 million for the quarter, compared to analysts' expectations of $92.46 million. Honest had a negative net margin of 0.38% and a negative return on equity of 0.95%. On average, analysts expect Honest to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Honest Stock Down 3.1%

Shares of NASDAQ:HNST traded down $0.15 during trading on Friday, hitting $4.47. 1,213,693 shares of the company were exchanged, compared to its average volume of 2,602,807. Honest has a 1-year low of $2.99 and a 1-year high of $8.97. The company has a market capitalization of $492.22 million, a P/E ratio of -223.15 and a beta of 2.35. The business's 50 day moving average is $4.81 and its 200-day moving average is $5.11.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $7.00 target price on shares of Honest in a report 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $7.70.

Insider Buying and Selling at Honest

In related news, CEO Carla Vernon sold 98,950 shares of Honest stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $5.32, for a total value of $526,414.00. Following the transaction, the chief executive officer directly owned 3,098,321 shares of the company's stock, valued at $16,483,067.72. The trade was a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Loretta sold 34,389 shares of the 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 sale, the chief financial officer directly owned 883,153 shares of the company's stock, valued at $4,698,373.96. This represents a 3.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,726 shares of company stock worth $881,662 over the last 90 days. Company insiders own 8.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Honest by 6.9% during the 1st 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 during the period. Goldman Sachs Group Inc. boosted its stake 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 acquiring an additional 163,380 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Honest by 16.4% in the first quarter. Millennium Management LLC now owns 1,936,846 shares of the company's stock worth $9,103,000 after purchasing an additional 272,765 shares during the period. Institutional investors and hedge funds own 45.54% of the company's stock.

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.