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

Innospec

10/05/2024 24:25

* Innospec Inc  IOSP.OQ  reported quarterly adjusted
earnings of
$1.75​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$1.38.  The mean expectation of three analysts for the quarter
was for earnings of $1.64 per share. Wall Street expected
results to range from $1.60  to $1.68 per share.
    * Revenue fell 1.8% to $500.20 million from a year ago;
analysts
expected $504.13 million. 
    * Innospec Inc's reported EPS for the quarter was $1.65​.
    * The company reported quarterly net income of $41.4
million.
    * Innospec Inc shares had fallen by 3.0% this quarter and
gained 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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
$132.50 
This summary was machine generated from LSEG data May 9 at 11:25
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
 Mar. 31 2024      1.64           1.75           Beat
 Dec. 31 2023      1.62           1.84           Beat
 Sep. 30 2023      1.45           1.59           Beat
 Jun. 30 2023      1.28           1.28           Met