Balchem Corp reports results for the quarter ended in December - Earnings Summary

Balchem

16/02/2024 14:31

* Balchem Corp  BCPC.OQ  reported quarterly adjusted
earnings of
95 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 94 cents.  The mean expectation of three analysts for the
quarter was for earnings of 93 cents per share. Wall Street
expected results to range from 85 cents to $1.01 per share.
    * Revenue fell 1.6% to $228.70 million from a year ago;
analysts
expected $234.66 million. 
    * Balchem Corp's reported EPS for the quarter was 82 cents​.
    * The company reported quarterly net income of $26.65
million.
    * Balchem Corp shares had fallen by 1.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Balchem
Corp is
$150.00 

This summary was machine generated from LSEG data February 16 at
02:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.93           0.95           Beat
 Sep. 30 2023      0.97           1.04           Beat
 Jun. 30 2023      0.84           1.06           Beat
 Mar. 31 2023      0.70           0.94           Beat