A Look Ahead: Ingevity's Earnings Forecast
Portfolio Pulse from Benzinga Insights
Ingevity (NYSE:NGVT) is set to release its quarterly earnings on October 29, 2024, with analysts expecting an EPS of $0.90. The company's past performance shows a tendency for stock price volatility following earnings announcements, particularly influenced by guidance. Ingevity's stock has declined 12.95% over the past year, and analysts have a Neutral consensus with a price target suggesting a 27.79% upside. The company's financials reveal challenges, including negative revenue growth and low return on equity.
October 28, 2024 | 4:02 pm
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Ingevity is expected to announce its quarterly earnings with an EPS of $0.90. The stock has shown volatility post-earnings, often influenced by guidance. Analysts have a Neutral rating with a price target indicating a potential upside.
Ingevity's earnings announcement is a significant event for investors, as past earnings have led to notable stock price changes. The focus will be on whether the company meets or exceeds EPS expectations and the guidance provided. The Neutral analyst rating and potential upside suggest mixed market sentiment.
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