Balchem Corp expected to post earnings of $1.04 a share - Earnings Preview

Balchem

24/07/2024 14:02

* Balchem Corp  BCPC.OQ   BCPC.O  is expected to show a rise
in
quarterly revenue when it reports  results on July 26 for the
period ending June 30 2024
    * The Montvale New Jersey-based  company is expected to
report a
3.6% increase in revenue to $239.688 million from $231.25
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Balchem Corp is for
earnings
of $1.04 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Balchem
Corp is
$168.00​, below​ its last closing price of $179.69. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.98        0.98       1.03      Beat    5.1
 Dec. 31 2024  0.93        0.93       0.95      Beat    2.2
 Sep. 30 2023  0.98        0.97       1.04      Beat    7.2​
 Jun. 30 2023  0.88        0.84       1.06      Beat    26.2
 ​​Mar.        0.73        0.70       0.94      Beat    34.3
 31 2023                                                
 Dec. 31 2022  0.86                   0.94              12.8​
 Sep. 30 2022  0.84        0.85       1.00      Beat    17.2
 Jun. 30 2022  1.00        0.92       1.07      Beat    16.3
 This summary was machine generated July 24 at 13:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)