UPDATE: Guggenheim Upgrades The Honest Co. (HNST) to Buy
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Morgan Stanley Downgrades Jessica Alba’s Honest Company (HNST) on Disappointing Q2 Results That Sent Shares 28% Lower Friday, Seen as a Buying Opportunity at Guggenheim
August 16, 2021 6:50 AM EDTShares of Honest Company (NASDAQ: HNST) fell 28.3% Friday after Jessica Albas company reported weaker-than-expected Q2 results. The company also highlighted lower H2 guidance expectations on the call.
Honest posted an adjusted loss per share of $0.23 to miss on the analyst consensus of $0.19 per share. Revenue surged to $74.6 million, missing again on the consensus of $78.8 million, as household and wellness revenue fell 6% amid a fading threat from COVID-19.
Following weaker-than-expected Q2 results, Morgan Stanley analyst Dara Mohsenian downgraded shares from Overweight to... More
