Insights into Element Solutions's Upcoming Earnings

Element Solutions (NYSE:ESI) is gearing up to announce its quarterly earnings on Monday, 2024-10-28. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Element Solutions will report an earnings per share (EPS) of $0.39.

The announcement from Element Solutions 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.

Earnings History Snapshot

Last quarter the company beat EPS by $0.01, which was followed by a 3.05% drop in the share price the next day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.35

0.32

0.33

0.33

EPS Actual

0.36

0.34

0.32

0.36

Price Change %

-3.0%

-4.0%

-2.0%

4.0%

Analysts' Perspectives on Element Solutions

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

The consensus rating for Element Solutions is Buy, derived from 1 analyst ratings. An average one-year price target of $33.0 implies a potential 22.31% upside.

Comparing Ratings Among Industry Peers

The below comparison of the analyst ratings and average 1-year price targets of Arcadium Lithium, Balchem and Axalta Coating Sys, three prominent players in the industry, gives insights for their relative performance ...