Ingevity Corp reports results for the quarter ended in September 30 - Earnings Summary

Ingevity

30/10/2024 03:15

* Ingevity Corp  NGVT.N  reported quarterly adjusted
earnings of
$1.10​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.21.  The mean expectation of four analysts for the quarter
was for earnings of 90 cents per share. Wall Street expected
results to range from 60 cents to $1.15 per share.
    * Revenue fell 15.5% to $376.90 million from a year ago;
analysts
expected $384.28 million. 
    * Ingevity Corp's reported EPS for the quarter was a loss of
$2.95​.
    * The company reported a quarterly loss of $107.2 million.
    * Ingevity Corp shares had fallen by 8.4% this quarter and
lost 24.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
chemicals peer group is also "buy"

Wall Street's median 12-month price target for Ingevity Corp is
$46.50 
This summary was machine generated from LSEG data October 30 at
03:15 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.90           1.10           Beat
 Jun. 30 2024      1.05           1.01           Missed
 Mar. 31 2024      0.32           0.52           Beat
 Dec. 31 2023      -0.19          0.21           Beat