Ingevity Corp expected to post earnings of 78  cents a share - Earnings Preview

Ingevity

22/02/2022 03:02

* Ingevity Corp  NGVT.N   NGVT.K  is expected to show a fall
in
quarterly revenue when it reports  results on February 23. 
    * The North Charleston South Carolina-based  company is
expected
to report  a 11.1% decrease in revenue to $289.443 million from
$325.6 million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ingevity Corp is
for
earnings of 78 cents per share. For the same quarter last year,
the company reported earnings of $1.33 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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
$95​, about 30% above​ its last closing price of $66.47. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Dec. 31 2020  0.81        0.77       1.33      Beat    72.7
 ​​Sep.        1.08        1.01       1.79      Beat    76.4
 30 2020                                                
 Jun. 30 2020  0.60        0.60       0.63      Beat    4.4​
 Mar. 31 2020  0.79        0.80       1.12      Beat    39.6
 Dec. 31 2019  0.99        1.01       1.10      Beat    9.4
 This summary was machine generated February 22 at 03:01 GMT. 
All figures in US dollars  unless otherwise stated