Balchem Corp expected to post earnings of 98 cents a share - Earnings Preview

Balchem

01/05/2024 15:40

* Balchem Corp  BCPC.OQ   BCPC.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 3 for the
period ending March 31 2024
    * The Montvale New Jersey-based  company is expected to
report a
0.0% decrease in revenue to $232.459 million from $232.54
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Balchem Corp is for
earnings
of 98 cents 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
$163.00​, above​ its last closing price of $141.38. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.93        0.93                         2.2
 Jan. 1 0001   0.98        0.97                         7.2
 Jun. 30 2023              0.84       1.06      Beat    26.2​
 Jan. 1 0001   0.73        0.83       0.94      Beat    34.3
 ​​Jan.        0.86        0.83                         12.8
 1 0001                                                 
 Jan. 1 0001   0.84        0.85                         17.2​
 Jun. 30 2022  1.00        0.92       1.07      Beat    16.3
 Mar. 31 2022  0.84        0.79       1.03      Beat    29.8
 This summary was machine generated May 1 at 14:40 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)