Ingevity Corp expected to post earnings of $1.13 a share - Earnings Preview

Ingevity

02/05/2023 03:01

* Ingevity Corp  NGVT.N   NGVT.K  is expected to show a rise
in
quarterly revenue when it reports  results on May 3. 
    * The North Charleston South Carolina-based  company is
expected
to report  a 7.4% increase in revenue to $411.217 million from
$382.8 million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ingevity Corp is
for
earnings of $1.13 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Ingevity
Corp is
$95​, above​ its last closing price of $71.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.90        0.87       0.57      Missed  -34.2
 Sep. 30 2022  1.74        1.69       2.09      Beat    23.4
 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.        0.82        0.78       0.78      Met     0.6
 31 2021                                                
 Sep. 30 2021  1.54        1.50       1.62      Beat    8.2​
 Jun. 30 2021  1.33        1.32       1.55      Beat    17.5
 Mar. 31 2021  1.01        1.03       1.27      Beat    23.3
 This summary was machine generated May 2 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated