Ingevity's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Ingevity (NYSE:NGVT) is scheduled to release its quarterly earnings report on February 21, 2024, with an estimated EPS of $-0.19. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions in stock price to past earnings reports, with a notable 7.75% increase after the last quarter despite meeting the EPS estimate. Currently, NGVT shares are trading at $47.66, marking a 45.28% decline over the past year, indicating investor concern ahead of the earnings announcement.
February 20, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Ingevity is anticipated to report a quarterly EPS of $-0.19 on February 21, 2024. The company's stock performance has been negative over the past year, with a 45.28% decline, but there was a 7.75% increase in share price following the last earnings report.
The anticipation of Ingevity's earnings report and its potential to beat the EPS estimate or provide positive future guidance could influence the stock price. However, given the mixed historical price reactions and the current negative yearly performance, the short-term impact is uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100