Ingevity Corp reports results for the quarter ended in December - Earnings Summary

Ingevity

27/02/2023 23:35

* Ingevity Corp  NGVT.N  reported quarterly adjusted
earnings of
57 cents​​ per share for the quarter ended in December. The mean
expectation of seven analysts for the quarter was for earnings
of 87 cents per share.
    * Revenue rose 14.2% to $383.60 million from a year ago;
analysts
expected $392.90 million. 
    * Ingevity Corp's reported EPS for the quarter was 41
cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.8%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Ingevity Corp shares had risen by 25.7% this quarter.
    * The company reported quarterly net income of $15.6
million.
    * Wall Street's median 12-month price target for Ingevity
Corp is
$100.00 
    * 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." 

This summary was machine generated from Refinitiv data February
27 at 11:35 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.87           0.57           Missed
 Sep. 30 2022      1.69           2.09           Beat
 Jun. 30 2022      1.62           1.73           Beat
 Mar. 31 2022      1.04           1.62           Beat