Uncovering Potential: Olin's Earnings Preview

Olin (NYSE:OLN) will release its quarterly earnings report on Thursday, 2024-10-24. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Olin to report an earnings per share (EPS) of $0.08.

The announcement from Olin is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Overview of Past Earnings

During the last quarter, the company reported an EPS missed by $0.08, leading to a 7.18% drop in the share price on the subsequent day.

Here's a look at Olin's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.70

0.38

0.19

0.74

EPS Actual

0.62

0.40

0.43

0.82

Price Change %

-7.000000000000001%

1.0%

7.000000000000001%

-9.0%

Olin Share Price Analysis

Shares of Olin were trading at $45.76 as of October 22. Over the last 52-week period, shares are down 1.6%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analysts' Perspectives on Olin

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Olin.

With 12 analyst ratings, Olin has a consensus rating of Neutral. The average one-year price target is $51.92, indicating a potential 13.46% upside.

Peer Ratings Comparison

The analysis below examines the analyst ratings and average ...