FMC Corp reports results for the quarter ended in January 1 - Earnings Summary

FMC

30/10/2024 02:50

* FMC Corp  FMC.N  reported quarterly adjusted earnings of
69
cents​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of 44
cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 53 cents per share. Wall Street
expected results to range from 39 cents to 60 cents per share.
    * Revenue rose 8.5% to $1.07 billion from a year ago;
analysts
expected $1.04 billion. 
    * FMC Corp's reported EPS for the quarter was 52 cents​.
    * The company reported quarterly net income of $65 million.
    * FMC Corp shares had fallen by 6.7% this quarter and
lost 2.4% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 42.3%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the agricultural
chemicals peer group is also "hold"

Wall Street's median 12-month price target for FMC Corp is 69.50
This summary was machine generated from LSEG data October 30 at
02:49 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      0.53           0.69           Beat
 Jun. 30 2024      0.55           0.63           Beat
 Mar. 31 2024      0.33           0.36           Beat
 Dec. 31 2023      1.08           1.07           Missed