Ingevity Corp expected to post earnings of $1.22 a share - Earnings Preview

Ingevity

30/10/2023 23:11

* Ingevity Corp  NGVT.N   NGVT.K  is expected to show a fall
in
quarterly revenue when it reports  results on November 1. 
    * The North Charleston South Carolina-based  company is
expected
to report  a 3.7% decrease in revenue to $464.283 million from
$482 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 $1.22 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"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
$56​, above​ its last closing price of $40.09. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  1.74        1.69       2.09      Beat    23.4
 ​​Jun.        1.66        1.62       1.73      Beat    6.6
 30 2022                                                
 Mar. 31 2022  1.04        1.04       1.62      Beat    56.2​
 Dec. 31 2021  0.82        0.78       0.78      Met     0.6
 Sep. 30 2021  1.54        1.50       1.62      Beat    8.2
 This summary was machine generated October 30 at 23:11 GMT.  All
figures in US dollars  unless otherwise stated