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

Element Solutions

26/04/2023 23:39

* Element Solutions Inc  ESI.N  reported quarterly adjusted
earnings of 30 cents​​ per share for the quarter ended in March.
The mean expectation of ten analysts for the quarter was
for earnings of 29 cents per share.
    * Revenue fell 15.6% to $574.40 million from a year ago;
analysts
expected $594.53 million. 
    * Element Solutions Inc's reported EPS for the quarter was
18
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Element Solutions Inc shares had fallen by 8.8% this
quarter and
lost 3.1% so far this year.
    * The company reported quarterly net income of $42.9
million.
    * Wall Street's median 12-month price target for Element
Solutions
Inc is $23.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 10:39 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.29           0.30           Beat
 Dec. 31 2022      0.28           0.29           Beat
 Sep. 30 2022      0.36           0.36           Met
 Jun. 30 2022      0.36           0.38           Beat