Cabot Corp expected to post earnings of $1.72 a share - Earnings Preview

Cabot

03/08/2024 02:50

* Cabot Corp  CBT.N   CBT  is expected to show a rise in
quarterly
revenue when it reports  results on August 5 for the period
ending June 30 2024
    * The Boston Massachusetts-based  company is expected to
report a
3.4% increase in revenue to $1 billion from $968 million a year
ago, according to the mean estimate from 4 analysts, based on
LSEG data.
    * ​LSEG's mean analyst estimate for Cabot Corp is for
earnings of
$1.72 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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 Cabot Corp
is
$109.50​, above​ its last closing price of $89.91. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.66        1.66       1.78      Beat    7.2
 Dec. 31 2024  1.49        1.49       1.56      Beat    4.4
 Jan. 1 0001   1.48        1.48       1.65      Beat    11.8​
 Jun. 30 2023  1.55        1.55       1.42      Missed  -8.1
 ​​Mar.        1.32        1.31       1.33      Beat    1.6
 31 2023                                                
 Dec. 31 2022  0.97        0.97       0.98      Beat    1​
 Jan. 1 0001   1.44        1.45       1.55      Beat    6.6
 Jan. 1 0001   1.57        1.56       1.73      Beat    11
 This summary was machine generated August 3 at 01:50 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)