I was surprised to see Haynes International (HAYN) shrug off the earnings miss from its fiscal Q3 2018 results. Sell-side analysts have continuously walked back full-year estimates (consensus was cut in half to $0.15/share) due to consistent flawed execution on the bottom line. Management has done an excellent job of convincing investors that the turnaround is right around the corner. While I do see improvement as likely, I think current (and recently lowered) fiscal 2019 expectations of $2.19/share (source) remain out of reach.
This is an execution story, and all