Olin Corp reports results for the quarter ended in September 30 - Earnings Summary

Olin

27/10/2024 15:41

* Olin Corp  OLN.N  reported a quarterly adjusted loss of 15
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 91
cents.  The mean expectation of eighteen analysts for the
quarter was for earnings of 4 cents per share. Wall Street
expected results to range from -5 cents to 11 cents per share.
    * Revenue fell 4.9% to $1.59 billion from a year ago;
analysts
expected $1.57 billion. 
    * Olin Corp's reported EPS for the quarter was a loss of 21
cents​.
    * The company reported a quarterly loss of $24.9 million.
    * Olin Corp shares had fallen by 6.1% this quarter and
lost 16.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 93.6%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commodity
chemicals
peer group is also "hold"

Wall Street's median 12-month price target for Olin Corp is
49.00 
This summary was machine generated from LSEG data October 27 at
03:41 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
 Sep. 30 2024      0.04           -0.15          Missed
 Jun. 30 2024      0.70           0.67           Missed
 Mar. 31 2024      0.38           0.47           Beat
 Dec. 31 2023      0.19           0.23           Beat