Innospec Inc reports results for the quarter ended in December - Earnings Summary

Innospec

13/02/2024 23:33

* Innospec Inc  IOSP.OQ  reported quarterly adjusted
earnings of
$1.84​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$1.20.  The mean expectation of three analysts for the quarter
was for earnings of $1.62 per share. Wall Street expected
results to range from $1.56  to $1.67 per share.
    * Revenue fell 3.1% to $494.70 million from a year ago;
analysts
expected $479.47 million. 
    * Innospec Inc's reported EPS for the quarter was $1.51​.
    * The company reported quarterly net income of $37.8
million.
    * Innospec Inc shares had fallen by 1.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Innospec Inc is
$124.50 
This summary was machine generated from LSEG data February 13 at
11:33 p.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
 Dec. 31 2023      1.62           1.84           Beat
 Sep. 30 2023      1.45           1.59           Beat
 Jun. 30 2023      1.28           1.28           Met
 Mar. 31 2023      1.17           1.38           Beat