What Happened?
Shares of industrial processing equipment and solutions provider Hillenbrand (NYSE:HI) jumped 15.1% in the morning session after the company reported strong third-quarter results which blew past analysts' revenue and EBITDA estimates. Revenue improved sequentially despite a challenging demand environment for the business as customers delayed purchases in some end markets. On the other hand, its full-year EPS guidance missed significantly, and its revenue guidance for the next quarter fell meaningfully short of Wall Street's estimates. Overall, this was a mixed yet decent quarter, with the results indicating improved execution.
Is now the time to buy Hillenbrand? Access our full analysis report here, it’s free.
What The Market Is Telling Us
Hillenbrand’s shares are not very volatile and have only had 9 moves greater than 5% over the last year. Moves this big are rare for Hillenbrand and indicate this news significantly impacted the market’s perception of the business.
Hillenbrand is down 29.2% since the beginning of the year, and at $33.35 per share, it is trading 33.7% below its 52-week high of $50.29 from March 2024. Investors who bought $1,000 worth of Hillenbrand’s shares 5 years ago would now be looking at an investment worth $1,043.
Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
