Element Solutions (ESI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Element Solutions (ESI) reported $599.3 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 3.1%. EPS of $0.36 for the same period compares to $0.36 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $624.5 million, representing a surprise of -4.03%. The company delivered an EPS surprise of +5.88%, with the consensus EPS estimate being $0.34.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Element Solutions performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Net Sales- Industrial & Specialty: $232.30 million versus the two-analyst average estimate of $243.85 million. The reported number represents a year-over-year change of +0.7%.
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Net Sales- Electronics: $367 million compared to the $384.40 million average estimate based on two analysts. The reported number represents a change of -5.3% year over year.
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Adjusted EBITDA- Industrial & Specialty: $43.70 million versus the two-analyst average estimate of $42.54 million.
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Adjusted EBITDA- Electronics: $90.40 million versus the two-analyst average estimate of $81.78 million.
View all Key Company Metrics for Element Solutions here>>>
Shares of Element Solutions have returned -3.7% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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