Hillenbrand an interesting play with earnings coming up
Hillenbrand has an 8.1/10 Equity Summary Score from Thompson Reuters StarMine with earnings coming up Wednesday. Hillenbrand has beaten analyst estimates 7 out of the last 8 quarters. The company's recent share price weakness makes it a good candidate for a pop in the event of an earnings beat.
Hillenbrand may also have an additional positive catalyst coming. Recently HI announced its acquisition of Milacron (MCRN). MCRN reports earnings tomorrow, and it has a 6.98% Earnings Surprise Prediction from Zacks. Due to the terms of the acquisition, MCRN's share price won't move much on news of an earnings beat. HI's share price, however, could get a larger pop.
Hillenbrand may also have an additional positive catalyst coming. Recently HI announced its acquisition of Milacron (MCRN). MCRN reports earnings tomorrow, and it has a 6.98% Earnings Surprise Prediction from Zacks. Due to the terms of the acquisition, MCRN's share price won't move much on news of an earnings beat. HI's share price, however, could get a larger pop.
Comment:
MCRN did report an earnings beat this morning, but no positive reaction from Hillenbrand stock. I think partly that's because MCRN still reported broad YoY declines, and partly it's because investors are timid this morning while awaiting Fed news.