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

Cabot

07/05/2024 13:03

* Cabot Corp  CBT.N  reported quarterly adjusted earnings of
$1.78​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$1.33.  The mean expectation of six analysts for the quarter was
for earnings of $1.66 per share. Wall Street expected results to
range from $1.64  to $1.68 per share.
    * Revenue fell 1.4% to $1.02 billion from a year ago;
analysts
expected $1.05 billion. 
    * Cabot Corp's reported EPS for the quarter was $1.49​.
    * The company reported quarterly net income of $84 million.
    * Cabot Corp shares had risen by 4.1% this quarter and
gained 14.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
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," 3
"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
$103.00 
This summary was machine generated from LSEG data May 7 at 12:03
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      1.66           1.78           Beat
 Dec. 31 2023      1.49           1.56           Beat
 Sep. 30 2023      1.48           1.65           Beat
 Jun. 30 2023      1.55           1.42           Missed