Ecovyst Q3 2024 Adj. EPS $0.14 Misses $0.17 Estimate, Sales $179.200M Miss $185.993M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ecovyst (NYSE:ECVT) reported Q3 2024 earnings per share of $0.14, missing the analyst estimate of $0.17. This represents a 26.32% decrease from the previous year. Sales were $179.2 million, also below the $185.993 million estimate, but a 3.40% increase from last year.
October 31, 2024 | 10:02 am
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NEGATIVE IMPACT
Ecovyst's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.14 vs. $0.17 expected and sales at $179.2M vs. $185.993M expected. This could negatively impact the stock price in the short term.
Ecovyst's earnings per share and sales both missed analyst expectations, which is typically viewed negatively by investors. The EPS miss was significant at 17.65%, and while sales increased year-over-year, they still fell short of expectations. This combination of factors is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100