Element Solutions Q1 Adj $0.34 Beats $0.32 Estimate, Sales $575.00M Miss $587.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Element Solutions (NYSE:ESI) reported Q1 adjusted earnings of $0.34 per share, surpassing the $0.32 estimate, a 13.33% increase from last year. However, sales of $575M fell short of the $587.51M estimate, a slight 0.10% increase from the previous year.
April 29, 2024 | 8:42 pm
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Element Solutions reported higher-than-expected Q1 earnings at $0.34/share, a 13.33% YOY increase, but missed sales estimates with $575M, a marginal 0.10% YOY growth.
The positive earnings beat could provide a short-term uplift to ESI's stock price due to the better-than-expected profit performance. However, the miss on sales estimates could temper investor enthusiasm, leading to a neutral overall short-term impact. The mixed results highlight operational efficiency but also point to potential challenges in revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100