Stock Analysis
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- NYSE:ESI
Element Solutions First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Element Solutions (NYSE:ESI) First Quarter 2024 Results
Key Financial Results
- Revenue: US$575.0m (flat on 1Q 2023).
- Net income: US$56.0m (up 31% from 1Q 2023).
- Profit margin: 9.7% (up from 7.5% in 1Q 2023).
- EPS: US$0.23 (up from US$0.18 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Element Solutions EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 44%.
Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's shares are down 3.5% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Element Solutions (at least 1 which is a bit concerning), and understanding them should be part of your investment process.
Valuation is complex, but we're helping make it simple.
Find out whether Element Solutions is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NYSE:ESI
Element Solutions
Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally.
Moderate growth potential and slightly overvalued.