Ingevity Corp expected to post earnings of $1.62 a share - Earnings Preview

Ingevity

30/07/2022 03:02

* Ingevity Corp  NGVT.N   NGVT.K  is expected to show a rise
in
quarterly revenue when it reports  results on August 2. 
    * The North Charleston South Carolina-based  company is
expected
to report  a 14.3% increase in revenue to $409.667 million from
$358.4 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 $1.62 per share. For the same quarter last year, the
company reported earnings of $1.55 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ingevity
Corp is
$91​, above​ its last closing price of $67.10. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  1.04        1.04       1.62      Beat    56.2
 Dec. 31 2022  0.82        0.78       0.78      Met     0.6
 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.        1.01        1.03       1.27      Beat    23.3
 31 2021                                                
 Dec. 31 2020  0.81        0.77       1.33      Beat    72.7​
 Sep. 30 2020  1.08        1.01       1.79      Beat    76.4
 Jun. 30 2020  0.60        0.60       0.63      Beat    4.4
 This summary was machine generated July 30 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated