Element Solutions Q4 EPS $0.32 Misses $0.33 Estimate, Sales $573.40M Miss $590.63M Estimate
Portfolio Pulse from Happy Mohamed
Element Solutions (NYSE:ESI) reported Q4 earnings of $0.32 per share, missing the consensus estimate of $0.33, and sales of $573.40M, missing the estimate of $590.63M. This represents a 10.34% increase in earnings per share over the same period last year but a slight 0.07% decrease in sales.
February 20, 2024 | 9:51 pm
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NEGATIVE IMPACT
Element Solutions reported lower-than-expected Q4 earnings and sales, with a slight increase in EPS from last year but a minor decrease in sales.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. The slight increase in EPS year-over-year may not be enough to offset the negative impact of missing estimates.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100