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

Ingevity

02/08/2023 23:32

* Ingevity Corp  NGVT.N  reported quarterly adjusted
earnings of
$1.41​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of $1.37 per share.
    * Revenue rose 14.7% to $481.80 million from a year ago;
analysts
expected $486.43 million. 
    * Ingevity Corp's reported EPS for the quarter was 97
cents​.
    * The mean earnings estimate of analysts had fallen by
about 27.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Ingevity Corp shares had risen by 7.2% this quarter and
lost 11.5% so far this year.
    * The company reported quarterly net income of $35.5
million.
    * Wall Street's median 12-month price target for Ingevity
Corp is
$71.00 
    * 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 LSEG Refinitiv data
August 2 at 10:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.37           1.41           Beat
 Mar. 31 2023      1.13           1.09           Missed
 Dec. 31 2022      0.87           0.57           Missed
 Sep. 30 2022      1.69           2.09           Beat