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

Balchem

28/07/2023 14:31

* Balchem Corp  BCPC.OQ  reported quarterly adjusted
earnings of
$1.06​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of 84 cents per share.
    * Revenue fell 2.3% to $231.25 million from a year ago;
analysts
expected $244.87 million. 
    * Balchem Corp's reported EPS for the quarter was 93 cents​.
    * The mean earnings estimate of analysts had risen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Balchem Corp shares had fallen by 4.7% this quarter and
gained 5.3% so far this year.
    * The company reported quarterly net income of $30.11
million.
    * Wall Street's median 12-month price target for Balchem
Corp is
$150.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.84           1.06           Beat
 Mar. 31 2023      0.70           0.94           Beat
 Dec. 31 2022      0.83           0.94           Beat
 Sep. 30 2022      0.85           1.00           Beat