Element Solutions Inc. (NYSE:ESI) is reporting third quarter earnings results on Tuesday 27th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.20 per share from $ 439.95 million in revenue.
For the full year, analysts predict revenues of $ 1711.52 million, while looking forward to income of $ 0.83 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.93 ~ $ 0.97 per share
Click Here For More Historical Outlooks Of Element Solutions Inc.
Previous Quarter Performance
Element Solutions Inc. communicated income for the second quarter of $ 0.18 per share, from the revenue of $ 387.00 million. The quarterly earnings reduced 14.29 percent while revenues dropped 15.26 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.14 per share from $ 377.89 million in revenue. The bottom line results beat street analysts by $ 0.04 or 28.57 percent, at the same time, top line results outshined analysts by $ 9.11 million or 2.41 percent.
Stock Performance
Shares of Element Solutions Inc. traded low $ -0.04 or -0.32 percent on Friday, reaching $ 12.53 with volume of 1.12 million shares. Element Solutions Inc. has traded high as $ 12.68 and has cracked $ 12.49 on the downward trend
According to the previous trading day, closing price of $ 12.53, representing a 134.95 % increase from the 52 week low of $ 5.35 and a 1.33 % decrease over the 52 week high of $ 12.74.
The company has a market capital of $ 3.12 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Analyst recommendations
- On 13th October 2020, initiated by Loop Capital at Buy rating, with $ 19.00 target price.
Element Solutions Inc produces and sells specialty chemical products worldwide. The company operates through two segments, Electronics and Industrial & Specialty. The Electronics segment researches, formulates, and delivers specialty chemicals and materials for various types of electronics hardware products.
