Element Solutions Inc reports results for the quarter ended September 30 - Earnings Summary

• Element Solutions Inc ESI reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of eleven analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 38 cents to 41 cents per share.

• Revenue rose 1.7% to $656.10 million from a year ago; analysts expected $646.83 million.

• Element Solutions Inc's reported EPS for the quarter was 16 cents​.

• The company reported quarterly net income of $39.3 million.

• Element Solutions Inc shares had risen by 5.2% this quarter and gained 4.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.6% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialty chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Element Solutions Inc is $30.00, about 12.6% above its last closing price of $26.22

This summary was machine generated from LSEG data October 28 at 10:12 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)