Olin Analysts Slash Their Forecasts After Q3 Earnings
Portfolio Pulse from Avi Kapoor
Olin Corporation reported mixed Q3 results with a GAAP loss of 21 cents per share, missing estimates, but sales beat expectations. Hurricane Beryl impacted operations, adding significant costs. Analysts adjusted price targets slightly downward.
October 28, 2024 | 2:53 pm
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Olin Corporation reported a GAAP loss of 21 cents per share, missing estimates, but sales exceeded expectations. Hurricane Beryl significantly impacted operations, adding $9.4 million to costs. Analysts slightly lowered price targets.
Olin's Q3 results were mixed, with a GAAP loss missing estimates, but sales slightly exceeding expectations. The significant impact of Hurricane Beryl on operations and costs led to analysts slightly lowering their price targets. This suggests a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100