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

Ingevity

02/11/2023 10:20

* Ingevity Corp  NGVT.N  reported quarterly adjusted
earnings of
$1.21​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of
$2.09.  The mean expectation of seven analysts for the quarter
was for earnings of $1.22 per share. Wall Street expected
results to range from $1.10  to $1.39 per share.
    * Revenue fell 7.5% to $446.00 million from a year ago;
analysts
expected $464.28 million. 
    * Ingevity Corp's reported EPS for the quarter was 69
cents​.
    * The company reported quarterly net income of $25.2
million.
    * Ingevity Corp shares had fallen by 17.6% this quarter and
lost 44.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 23.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Ingevity
Corp is
$56.00 

This summary was machine generated from LSEG data November 2 at
10:20 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.22           1.21           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