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

Quaker Chemical

01/11/2024 03:07

* Quaker Chemical Corp  KWR.N  reported quarterly adjusted
earnings of $1.89​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $2.05.  The mean expectation of six analysts for
the quarter was for earnings of $2.08 per share. Wall Street
expected results to range from $1.96  to $2.20 per share.
    * Revenue fell 5.8% to $462.27 million from a year ago;
analysts
expected $469.24 million. 
    * Quaker Chemical Corp's reported EPS for the quarter was
$1.81​.
    * The company reported quarterly net income of $32.35
million.
    * Quaker Chemical Corp shares had fallen by 8.2% this
quarter and
lost 27.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.4%
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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commodity
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Quaker Chemical
Corp is 192.50 
This summary was machine generated from LSEG data November 1 at
03:06 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
 Sep. 30 2024      2.08           1.89           Missed
 Jun. 30 2024      2.22           2.13           Missed
 Mar. 31 2024      1.99           2.09           Beat
 Dec. 31 2023      1.67           1.78           Beat