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

Cabot

09/05/2023 09:51

* Cabot Corp  CBT.N  reported quarterly adjusted earnings of
$1.33​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for earnings of
$1.31 per share.
    * Revenue fell 5.4% to $1.03 billion from a year ago;
analysts
expected $1.11 billion. 
    * Cabot Corp's reported EPS for the quarter was $1.29​.
    * The mean earnings estimate of analysts had fallen by
about 23.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Cabot Corp shares had fallen by 7.9% this quarter and
gained 5.6% so far this year.
    * The company reported quarterly net income of $75 million.
    * Wall Street's median 12-month price target for Cabot Corp
is
$90.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 08:50 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      1.56           1.73           Beat