Chemours Co reports results for the quarter ended in June - Earnings Summary

The Chemours

02/08/2024 24:15

* Chemours Co  CC.N  reported quarterly adjusted earnings of
38
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.10. 
The mean expectation of ten analysts for the quarter was
for earnings of 57 cents per share. Wall Street expected
results to range from 34 cents to $1.10 per share.
    * Revenue fell 6.4% to $1.54 billion from a year ago;
analysts
expected $1.53 billion. 
    * Chemours Co's reported EPS for the quarter was 46 cents​.
    * The company reported quarterly net income of $70 million.
    * Chemours Co shares had risen by 7.1% this quarter and
lost 23.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 22.6%
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 "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
chemicals peer group is also "hold"

Wall Street's median 12-month price target for Chemours Co is
$30.00 
This summary was machine generated from LSEG data August 1 at
11:14 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
 Jun. 30 2024      0.57           0.38           Missed
 Mar. 31 2024      0.18           0.32           Beat
 Dec. 31 2023      0.25           0.31           Beat
 Sep. 30 2023      0.69           0.63           Missed