Hillenbrand (HI) Q2 Earnings and Revenues Surpass Estimates

Company Performance - Hillenbrand reported quarterly earnings of $0.60 per share, exceeding the Zacks Consensus Estimate of $0.54 per share, but down from $0.76 per share a year ago [1] - The earnings surprise for the quarter was 11.11%, and the company has surpassed consensus EPS estimates in all four of the last quarters [2] - Revenues for the quarter were $715.9 million, which surpassed the Zacks Consensus Estimate by 3.60%, but decreased from $785.3 million year-over-year [3] Market Context - Hillenbrand shares have declined approximately 27% since the beginning of the year, compared to a 6% decline in the S&P 500 [4] - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $622 million, and for the current fiscal year, it is $2.57 on revenues of $2.68 billion [8] Industry Outlook - The Industrial Services industry, to which Hillenbrand belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, indicating potential challenges ahead [9] - The performance of Hillenbrand's stock may be influenced by the overall outlook for the industry, as top-ranked industries tend to outperform the bottom-ranked ones significantly [9]