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

Huntsman

02/05/2024 23:32

* Huntsman Corp  HUN.N  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 20
cents.  The mean expectation of nineteen analysts for the
quarter was for a loss of 6 cents per share. Wall Street
expected results to range from -14 cents to -1 cents per share.
    * Revenue fell 8.5% to $1.47 billion from a year ago;
analysts
expected $1.47 billion. 
    * Huntsman Corp's reported EPS for the quarter was a loss
of 22
cents​.
    * The company reported a quarterly loss of $37 million.
    * Huntsman Corp shares had fallen by 8.5% this quarter and
lost 5.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 772.6% 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 6 "strong buy" or "buy," 11
"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
$28.00 
This summary was machine generated from LSEG data May 2 at 10:32
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
 Mar. 31 2024      -0.06          -0.06          Met
 Dec. 31 2023      -0.17          -0.21          Missed
 Sep. 30 2023      0.19           0.15           Missed
 Jun. 30 2023      0.30           0.22           Missed