Hawkins (HWKN) Q1 Earnings and Revenues Beat Estimates

Core Insights - Hawkins (HWKN) reported quarterly earnings of $1.38 per share, exceeding the Zacks Consensus Estimate of $1.01 per share, and showing an increase from $1.12 per share a year ago, resulting in an earnings surprise of 36.63% [1] - The company achieved revenues of $255.88 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.62% and up from $251.12 million year-over-year [2] - Hawkins shares have increased approximately 46.5% year-to-date, significantly outperforming the S&P 500's gain of 14% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.06 on revenues of $260.08 million, while for the current fiscal year, the estimate is $3.67 on revenues of $989.1 million [7] - The estimate revisions trend for Hawkins is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Chemical - Specialty industry, to which Hawkins belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]