Chemours (CC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Chemours (CC) reported revenue of $1.54 billion, down 6.4% over the same period last year. EPS came in at $0.38, compared to $1.10 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.54 billion, representing a surprise of +0.01%. The company delivered an EPS surprise of -42.42%, with the consensus EPS estimate being $0.66.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chemours performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Titanium Technologies
: $673 million versus the three-analyst average estimate of $674.87 million. The reported number represents a year-over-year change of -4.8%.
Revenues- Other Segment
: $13 million compared to the $18.09 million average estimate based on three analysts. The reported number represents a change of -50% year over year.
Revenues- Advanced Performance Materials
: $339 million versus $334.86 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -12.4% change.
Revenues- Thermal & Specialized Solutions
: $513 million versus $514.93 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.9% change.
Adjusted EBITDA- Titanium Technologies
: $80 million versus the three-analyst average estimate of $74.75 million.
Adjusted EBITDA- Other Segment
: $3 million versus $2.20 million estimated by three analysts on average.
Adjusted EBITDA- Advanced Performance Materials
: $45 million versus the three-analyst average estimate of $39.35 million.
Adjusted EBITDA- Thermal & Specialized Solutions
: $161 million compared to the $173.01 million average estimate based on three analysts.
View all Key Company Metrics for Chemours here>>>
Shares of Chemours have returned +6.5% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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