The Honest Company Poised For Stronger Growth, Analyst Highlights Clean And Natural Focus Amid Market Trends

JP Morgan analyst Andrea Teixeira reiterated the Overweight rating on The Honest Company, Inc. HNST.On Wednesday, the company reported revenue of $100 million, which increased 11%. The quarterly gross margin of 39% expanded 530 basis points year over year.Teixeira notes that while EBITDA guidance exceeded expectations, bears may focus on the lack of EPS visibility, as the company will face easier comparisons in 2024 due to “extraordinary legal expenses.”Teixeira noted that management aims to rebuild its rep ...