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

Cabot

08/08/2023 22:19

* Cabot Corp  CBT.N  reported quarterly adjusted earnings of
$1.42​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
$1.50 per share.
    * Revenue fell 15.8% to $968.00 million from a year ago;
analysts
expected $1.04 billion. 
    * Cabot Corp's reported EPS for the quarter was $1.43​.
    * The mean earnings estimate of analysts had fallen by
about 21.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Cabot Corp shares had risen by 3.7% this quarter and
gained 3.7%
so far this year.
    * The company reported quarterly net income of $82 million.
    * Wall Street's median 12-month price target for Cabot Corp
is
$86.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 09:19 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.50           1.42           Missed
 Mar. 31 2023      1.31           1.33           Beat
 Dec. 31 2022      0.97           0.98           Beat
 Sep. 30 2022      1.45           1.55           Beat