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

Element Solutions

30/04/2024 02:54

* Element Solutions Inc  ESI.N  reported quarterly adjusted
earnings of 34 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 30 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 32 cents per share. Wall
Street expected results to range from 31 cents to 33 cents per
share.
    * Revenue rose 0.1% to $575.00 million from a year ago;
analysts
expected $587.51 million. 
    * Element Solutions Inc's reported EPS for the quarter was
23
cents​.
    * The company reported quarterly net income of $56 million.
    * Element Solutions Inc shares had fallen by 4.5% this
quarter and
gained 3.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 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 $27.00 
This summary was machine generated from LSEG data April 30 at
01:53 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
 Mar. 31 2024      0.32           0.34           Beat
 Dec. 31 2023      0.33           0.32           Missed
 Sep. 30 2023      0.33           0.36           Beat
 Jun. 30 2023      0.31           0.31           Met