Chemours Co expected to post earnings of 57 cents a share - Earnings Preview

The Chemours

31/07/2024 01:52

* Chemours Co  CC.N   CC  is expected to show a fall in
quarterly
revenue when it reports  results on August 1 for the period
ending June 30 2024
    * The Wilmington Delaware-based  company is expected to
report a
6.9% decrease in revenue to $1.53 billion from $1.64 billion a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.The company's guidance on April 30 2024, for the
period ended June 30, was for revenue of $1.553 billion.
    * ​LSEG's mean analyst estimate for Chemours Co is for
earnings of
57 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Chemours Co
is
$30.00​, above​ its last closing price of $23.75. ​​​

The company's guidance on April 30 2024 for the period ended
June 30 was for Capital Expenditures of USD80 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.19        0.18       0.32      Beat    75
 Dec. 31 2024  0.26        0.25       0.31      Beat    22.2
 Sep. 30 2023  0.70        0.69       0.63      Missed  -8.8​
 Jun. 30 2023  1.07        1.07       1.10      Beat    2.4
 ​​Mar.        0.47        0.47       0.98      Beat    109.5
 31 2023                                                
 Dec. 31 2022  0.03        0.08       0.00      Missed  -100​
 Sep. 30 2022  1.05        1.04       1.24      Beat    18.8
 Jun. 30 2022  1.45        1.43       1.89      Beat    31.7
 This summary was machine generated July 31 at 00:52 GMT.  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)