Why The Honest Co Stock Is Falling Today

The Honest Co Inc (NASDAQ:HNST) is trading lower Friday morning after the company reported worse-than-expected financial results. 

The Honest Co said fourth--quarter revenue grew 3% year-over-year to $80.38 million, which came in below the $84.59 billion estimate. The company reported an earnings loss of 10 cents per share, which was worse than the estimate for a loss of 6 cents per share. 

The Honest Co expects full year 2022 revenue to be flat on a year-over-year basis. 

Analyst Assessment: Several analyst adjusted ratings and price targets following the company's results.

See Also: 34 Stocks Moving in Friday's Pre-Market Session

HNST 52-Week Range: $5.01 - $23.88

The stock was down 18.4% at time of publication.

Photo: courtesy of The Honest Co.

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