Huntsman Corp reports results for the quarter ended in June - Earnings Summary

Huntsman

06/08/2024 24:26

* Huntsman Corp  HUN.N  reported quarterly adjusted earnings
of 14
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 22
cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 14 cents per share. Wall Street
expected results to range from 10 cents to 20 cents per share.
    * Revenue fell 1.4% to $1.57 billion from a year ago;
analysts
expected $1.61 billion. 
    * Huntsman Corp's reported EPS for the quarter was 13
cents​.
    * The company reported quarterly net income of $22 million.
    * Huntsman Corp shares had fallen by 1.3% this quarter and
lost 10.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
chemicals peer group is also "hold"

Wall Street's median 12-month price target for Huntsman Corp is
$27.00 
This summary was machine generated from LSEG data August 5 at
11:26 p.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
 Jun. 30 2024      0.14           0.14           Met
 Mar. 31 2024      -0.06          -0.06          Met
 Dec. 31 2023      -0.17          -0.21          Missed
 Sep. 30 2023      0.19           0.15           Missed