Ingevity Corp expected to post earnings of $1.05 a share - Earnings Preview

Ingevity

29/07/2024 23:38

* Ingevity Corp  NGVT.N   NGVT.K  is expected to show a fall
in
quarterly revenue when it reports  results on July 31 for the
period ending June 30 2024
    * The North Charleston South Carolina-based  company is
expected
to report a 15.4% decrease in revenue to $407.58 million from
$481.8 million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Ingevity Corp is for
earnings
of $1.05 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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
$58.00​, above​ its last closing price of $45.71. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.33        0.32       0.52      Beat    62.5
 Jan. 1 2024   -0.18       -0.19      0.21      Beat    210.5
 Sep. 30 2023  1.22        1.22       1.21      Missed  -0.4​
 Jun. 30 2023  1.38        1.37       1.41      Beat    2.7
 ​​Jan.        1.14        0.87       1.09      Beat    -3.7
 1 0001                                                 
 Jan. 1 0001   0.90        0.87       0.57      Missed  23.4​
 Jan. 1 0001   1.74        1.69       2.09      Beat    23.4
 Jan. 1 0001   1.66        1.62       1.73      Beat    6.6
 This summary was machine generated July 29 at 22:38 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)