Element Solutions Inc reports results for the quarter ended in September 30 - Earnings Summary

Element Solutions

29/10/2024 02:49

* Element Solutions Inc  ESI.N  reported quarterly adjusted
earnings of 39 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 36 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 38 cents per share. Wall
Street expected results to range from 37 cents to 40 cents per
share.
    * Revenue rose 7.6% to $645.00 million from a year ago;
analysts
expected $626.46 million. 
    * Element Solutions Inc's reported EPS for the quarter was
17
cents​.
    * The company reported quarterly net income of $40.3
million.
    * Element Solutions Inc shares had fallen by 0.7% this
quarter and
gained 16.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "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 $31.00 
This summary was machine generated from LSEG data October 29 at
02:48 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
 Sep. 30 2024      0.38           0.39           Beat
 Jun. 30 2024      0.35           0.36           Beat
 Mar. 31 2024      0.32           0.34           Beat
 Dec. 31 2023      0.33           0.32           Missed