Balchem Corp reports results for the quarter ended in September 30 - Earnings Summary

Balchem

27/10/2024 15:45

* Balchem Corp  BCPC.OQ  reported quarterly adjusted
earnings of
$1.13​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.04.  The mean expectation of three analysts for the
quarter was for earnings of $1.11 per share. Wall Street
expected results to range from $1.10  to $1.12 per share.
    * Revenue rose 4.3% to $239.94 million from a year ago;
analysts
expected $241.93 million. 
    * Balchem Corp's reported EPS for the quarter was $1.03​.
    * The company reported quarterly net income of $33.84
million.
    * Balchem Corp shares had fallen by 5.6% this quarter and
gained 11.7% so far this year.

FORECAST CHANGES
    * 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.

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
185.00 
This summary was machine generated from LSEG data October 27 at
03:45 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
 Sep. 30 2024      1.11           1.13           Beat
 Jun. 30 2024      1.04           1.09           Beat
 Mar. 31 2024      0.98           1.03           Beat
 Dec. 31 2023      0.93           0.95           Beat