Element Solutions Earnings Analysis: Q2 Recap
Portfolio Pulse from Benzinga Insights
Element Solutions (NYSE:ESI) reported Q2 earnings with an EPS of $0.36, beating estimates by 3.0%. Revenue increased by $26.60 million year-over-year. Despite the positive earnings, the stock price dropped by 3.01% the next day. Competitors Quaker Houghton, Innospec, and Minerals Technologies also reported earnings, with mixed stock price reactions.
August 02, 2024 | 10:00 am
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POSITIVE IMPACT
Innospec reported an EPS of $1.75, beating estimates by 6.71%. The stock price increased by 3.17% the next day.
Innospec exceeded earnings expectations, resulting in a significant stock price increase of 3.17% the next day. This indicates a strong positive market reaction to the earnings report.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Quaker Houghton reported an EPS of $2.09, beating estimates by 5.03%. The stock price increased by 0.95% the next day.
Quaker Houghton exceeded earnings expectations, resulting in a modest stock price increase of 0.95% the next day. This indicates a positive market reaction to the earnings report.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Element Solutions reported Q2 earnings with an EPS of $0.36, beating estimates by 3.0%. Revenue increased by $26.60 million year-over-year. Despite the positive earnings, the stock price dropped by 3.01% the next day.
Element Solutions reported better-than-expected earnings and revenue growth. However, the stock price dropped by 3.01% the next day, indicating a negative short-term market reaction despite the positive financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Minerals Technologies reported an EPS of $1.65, beating estimates by 3.12%. However, the stock price dropped by 1.21% the next day.
Minerals Technologies reported better-than-expected earnings, but the stock price dropped by 1.21% the next day. This indicates a negative short-term market reaction despite the positive financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50