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

Quaker Chemical

03/11/2023 07:13

* Quaker Chemical Corp  KWR.N  reported quarterly adjusted
earnings of $2.05​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $1.74.  The mean expectation of
six analysts for the quarter was for earnings of $1.90 per
share. Wall Street expected results to range from $1.84 
to $1.96 per share.
    * Revenue fell 0.3% to $490.61 million from a year ago;
analysts
expected $485.13 million. 
    * Quaker Chemical Corp's reported EPS for the quarter was
$1.88​.
    * The company reported quarterly net income of $33.67
million.
    * Quaker Chemical Corp shares had fallen by 9.4% this
quarter and
lost 13.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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 $228.50 
This summary was machine generated from LSEG data November 3 at
07:13 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.90           2.05           Beat
 Jun. 30 2023      1.85           1.93           Beat
 Mar. 31 2023      1.33           1.89           Beat
 Dec. 31 2022      1.27           1.39           Beat