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

Balchem

03/05/2024 16:56

* Balchem Corp  BCPC.OQ  reported quarterly adjusted
earnings of
$1.03​​ per share for the quarter ended in March, 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 98 cents per share. 
    * Revenue rose 3.1% to $239.66 million from a year ago;
analysts
expected $232.46 million. 
    * Balchem Corp's reported EPS for the quarter was 89 cents​.
    * The company reported quarterly net income of $28.99
million.
    * Balchem Corp shares had fallen by 5.6% this quarter and
lost 1.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
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." 
    * The average consensus recommendation for the specialty
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Balchem Corp is
$163.00 
This summary was machine generated from LSEG data May 3 at 03:56
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
 Mar. 31 2024      0.98           1.03           Beat
 Dec. 31 2023      0.93           0.95           Beat
 Sep. 30 2023      0.97           1.04           Beat
 Jun. 30 2023      0.84           1.06           Beat