Ingevity Corp expected to post earnings of 32 cents a share - Earnings Preview

Ingevity

29/04/2024 23:44

* Ingevity Corp  NGVT.N   NGVT.K  is expected to show a fall
in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The North Charleston South Carolina-based  company is
expected
to report a 18.8% decrease in revenue to $318.96 million from
$392.6 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 32 cents 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 had fallen by
about 68.4%
in the last three months. ​
    * Wall Street's median 12-month price target for Ingevity
Corp is
$50.00​, below​ its last closing price of $50.95. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -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​
 Mar. 31 2023  1.14        1.13       1.09      Missed  -3.7
 ​​Dec.        0.90        0.87       0.57      Missed  -34.2
 31 2022                                                
 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
 This summary was machine generated April 29 at 22:44 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)