NEW YORK (TheStreet) -- Hain Celestial Group (HAIN) - Get Report stock is increasing 4.10% to $35.97 in afternoon trading on Friday before the company's fiscal 2016 second quarter financial report, due out on Monday after the market close.
The Lake Success, NY-based natural and organic food company is expected to report no change in earnings per share, but a 7.1% year-over-year increase in revenue.
Analysts have estimated earnings of 54 cents per share on revenue of $751.61 million for the latest quarter.
Last year, Hain Celestial reported earnings of 54 cents per share on $701.71 million in revenue for the quarter ended December 31, 2014.
Earlier this month, the company set its fiscal 2016 second quarter earnings per share guidance at 53 cents to 56 cents and its revenue outlook at $740 million to $760 million, prompting analysts to lower estimates.
Some analysts still recommend buying shares of Hain Celestial, despite increasing competition in the natural foods industry, because of the company's long-term potential.
"Despite some more significant near-term challenges in the U.S., HAIN's broad multichannel and multi-brand exposure at scale remains a key differentiator and competitive strength within natural and organic foods," Canaccord analysts said in a note.
Separately, Hain Celestial has a "hold" rating and a letter grade of C+ at TheStreet Ratings because of the company's revenue growth, largely solid financial position, impressive record of earnings per share growth, disappointing stock performance and poor profit margins.
You can view the full analysis from the report here: HAIN
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.