Olin Corp OLN.N reported quarterly adjusted earnings of 5 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 67 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from -8 cents to 16 cents per share.
Revenue rose 7% to $1.76 billion from a year ago; analysts expected $1.66 billion.
Olin Corp's reported EPS for the quarter was a loss of 1 cent.
The company reported a quarterly loss of $1.3 million.
Olin Corp shares had risen by 5.8% this quarter and lost 37.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 92.5% in the last three months.
In the last 30 days, ten 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," 13 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is "buy."
Wall Street's median 12-month price target for Olin Corp is $24.00, about 11.4% above its last closing price of $21.26
This summary was machine generated from LSEG data July 28 at 09:02 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)