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

Cabot

05/02/2024 22:38

* Cabot Corp  CBT.N  reported quarterly adjusted earnings of
$1.56​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 98
cents.  The mean expectation of five analysts for the quarter
was for earnings of $1.49 per share. Wall Street expected
results to range from $1.46  to $1.53 per share.
    * Revenue fell 0.7% to $958.00 million from a year ago;
analysts
expected $952.86 million. 
    * Cabot Corp's reported EPS for the quarter was 88 cents​.
    * The company reported quarterly net income of $50 million.
    * Cabot Corp shares had fallen by 13.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
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 3 "strong buy" or "buy," 2
"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 Cabot Corp is
$87.00 
This summary was machine generated from LSEG data February 5 at
10:38 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      1.49           1.56           Beat
 Sep. 30 2023      1.48           1.65           Beat
 Jun. 30 2023      1.55           1.42           Missed
 Mar. 31 2023      1.31           1.33           Beat