Element Solutions Inc expected to post earnings of 35 cents a share - Earnings Preview

Element Solutions

26/07/2024 21:41

* Element Solutions Inc  ESI.N   ESI  is expected to show a
rise
in quarterly revenue when it reports  results on July 29 for the
period ending June 30 2024
    * The Fort Lauderdale Florida-based  company is expected to
report
a 3.8% increase in revenue to $608.277 million from $586.1
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Element Solutions Inc is
for
earnings of 35 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"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 Element
Solutions
Inc is $29.00​, above​ its last closing price of $26.50. ​​​

The company's guidance on June 17 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD135 million.
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  0.32        0.32       0.34      Beat    7.1
 Dec. 31 2024  0.32        0.33       0.32      Missed  -1.9
 Sep. 30 2023  0.33        0.33       0.36      Beat    7.9​
 Jun. 30 2023  0.31        0.31       0.31      Met     -0.2
 ​​Jan.        0.29        0.29       0.30      Beat    3.3
 1 0001                                                 
 Jan. 1 0001   0.28        0.28       0.29      Beat    2.4​
 Jan. 1 0001   0.35        0.36       0.36      Met     1
 Jun. 30 2022  0.36        0.36       0.38      Beat    5
 This summary was machine generated July 26 at 20:41 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)