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

Ingevity

03/11/2022 24:36

* Ingevity Corp  NGVT.N  reported quarterly adjusted
earnings of
$2.09​​ per share for the quarter ended in September. The mean
expectation of seven analysts for the quarter was for earnings
of $1.69 per share.
    * Revenue rose 27.9% to $482.00 million from a year ago;
analysts
expected $422.62 million. 
    * Ingevity Corp's reported EPS for the quarter was $1.98​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Ingevity Corp shares had risen by 12.1% this quarter and
lost 5.2% so far this year.
    * The company reported quarterly net income of $75.4
million.
    * Wall Street's median 12-month price target for Ingevity
Corp is
$91.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
3 at 12:36 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2021      0.78           0.78           Met