Element Solutions Inc reports results for the quarter ended in December - Earnings Summary

Element Solutions

21/02/2024 10:45

* Element Solutions Inc  ESI.N  reported quarterly adjusted
earnings of 32 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 29 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 33 cents per
share. Wall Street expected results to range from 31 cents to 35
cents per share.
    * Revenue fell 0.1% to $573.40 million from a year ago;
analysts
expected $590.63 million. 
    * Element Solutions Inc's reported EPS for the quarter was
32
cents​.
    * The company reported quarterly net income of $77.1
million.
    * Element Solutions Inc shares had risen by 1.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"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 Element Solutions
Inc is $26.00 
This summary was machine generated from LSEG data February 21 at
10:44 a.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      0.33           0.32           Missed
 Sep. 30 2023      0.33           0.36           Beat
 Jun. 30 2023      0.31           0.31           Met
 Mar. 31 2023      0.29           0.30           Beat