Earnings Outlook For Ingevity
Portfolio Pulse from Benzinga Insights
Ingevity (NYSE:NGVT) is set to release its quarterly earnings report on November 1, 2023. Analysts estimate an EPS of $1.21. The company's past performance shows a trend of share price drops following earnings beats. The stock is currently trading at $40.09, down 38.2% over the last 52-week period.
October 31, 2023 | 3:00 pm
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NEGATIVE IMPACT
Ingevity's upcoming earnings report could potentially impact its stock price. The company's history of share price drops following earnings beats could influence investor sentiment.
Ingevity's stock price has historically dropped following earnings beats. Given this trend and the current bearish sentiment among long-term shareholders, the upcoming earnings report could potentially lead to a further decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100