Element Solutions Q1 Earnings Assessment
Portfolio Pulse from Benzinga Insights
Element Solutions (NYSE:ESI) reported Q1 earnings on April 29, 2024, beating EPS estimates by 6.0% with an EPS of $0.34 versus the expected $0.32. Revenue increased by $600 thousand from the previous year. Despite the positive earnings, the stock price dropped by 1.28% the next day. Competitors Arcadium Lithium, H.B. Fuller, and Quaker Houghton also exceeded EPS expectations in their recent earnings, with Quaker Houghton's stock price increasing by 0.95% following their announcement.
May 06, 2024 | 10:15 am
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NEGATIVE IMPACT
Element Solutions exceeded Q1 EPS estimates but saw a 1.28% decrease in stock price the following day.
Despite beating EPS estimates, the stock price of Element Solutions dropped, indicating a possible market expectation of even higher performance or other external factors influencing stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100