Hawkins, Inc. (NASDAQ:HWKN) just released its latest first-quarter results and things are looking bullish. The company beat expectations with revenues of US$293m arriving 4.4% ahead of forecasts. Statutory earnings per share (EPS) were US$1.40, 5.2% ahead of estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We’ve gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Following the latest results, Hawkins’ four analysts are now forecasting revenues of US$1.08b in 2026. This would be a satisfactory 7.1% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 2.4% to US$4.15. Before this earnings report, the analysts had been forecasting revenues of US$1.08b and earnings per share (EPS) of US$4.28 in 2026. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.
See our latest analysis for Hawkins
It might be a surprise to learn that the consensus price target was broadly unchanged at US$150, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Hawkins analyst has a price target of US$160 per share, while the most pessimistic values it at US$131. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 9.5% growth on an annualised basis. That is in line with its 12% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 4.4% per year. So it’s pretty clear that Hawkins is forecast to grow substantially faster than its industry.
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Hawkins. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
