Ingevity Corp expected to post a loss of 19 cents a share - Earnings Preview

Ingevity

20/02/2024 02:53

* Ingevity Corp  NGVT.N   NGVT.K  is expected to show a fall
in
quarterly revenue when it reports  results on February 21 for
the period ending December 31 2023
    * The North Charleston South Carolina-based  company is
expected
to report a 13.4% decrease in revenue to $332.3 million from
$383.6 million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Ingevity Corp is for a
loss
of 19 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ingevity
Corp is
$47.00​, below​ its last closing price of $47.66. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.22        1.22       1.21      Missed  -0.4
 Jun. 30 2023  1.38        1.37       1.41      Beat    2.7
 Mar. 31 2023  1.14        1.13       1.09      Missed  -3.7​
 Dec. 31 2022  0.90        0.87       0.57      Missed  -34.2
 ​​Sep.        1.74        1.69       2.09      Beat    23.4
 30 2022                                                
 Jun. 30 2022  1.66        1.62       1.73      Beat    6.6​
 Mar. 31 2022  1.04        1.04       1.62      Beat    56.2
 Dec. 31 2021  0.82        0.78       0.78      Met     0.6
 This summary was machine generated February 20 at 02:53 GMT. 
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)