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

LSB Industries

30/04/2024 03:22

* LSB Industries Inc  LXU.N  reported quarterly adjusted
earnings
of 13 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 21 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 5 cents per share. Wall Street
expected results to range from -2 cents to 11 cents per share.
    * Revenue fell 23.6% to $138.20 million from a year ago;
analysts
expected $127.66 million. 
    * LSB Industries Inc's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $5.62
million.
    * LSB Industries Inc shares had fallen by 6.5% this
quarter and
lost 11.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 77%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
chemicals peer group is also "hold"

Wall Street's median 12-month price target for LSB Industries
Inc is $9.00 
This summary was machine generated from LSEG data April 30 at
02:22 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
 Mar. 31 2024      0.05           0.13           Beat
 Dec. 31 2023      0.04           -0.02          Missed
 Sep. 30 2023      -0.03          -0.06          Missed
 Jun. 30 2023      0.23           0.25           Beat