Ingevity Q3 2024 Adj EPS $1.10 Beats $0.90 Estimate, Sales $376.90M Miss $384.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ingevity reported Q3 2024 earnings per share of $1.10, surpassing the analyst estimate of $0.90. However, their sales of $376.90 million fell short of the expected $384.27 million, marking a 15.49% decline from the previous year.
October 29, 2024 | 8:17 pm
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Ingevity's Q3 2024 earnings per share exceeded expectations, but sales fell short, indicating mixed financial performance.
Ingevity's earnings per share exceeded expectations, which is positive for the stock. However, the sales miss and significant year-over-year decline in revenue could offset the positive EPS impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100