Olin reported a GAAP loss of 21 cents per share, missing estimates. Quarterly sales of $1.59 billion slightly beat analyst expectations. Hurricane Beryl caused an estimated impact of $135 million in 2024. Analysts lowered price targets for Olin after the earnings announcement. Adjusted EBITDA for Q4 is forecasted between $170 million and $200 million.
- Olin reported $1.64 billion in revenue, an 11.3% year-over-year decline, with EPS of $0.40 compared to $1.16. - Sales for Chlor Alkali Products and Vinyls were below average estimate, Winchester sales were above. - Income before Taxes for Epoxy was lower than average estimates. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Earnings
Summary: - Olin's earnings of $0.40 per share beat estimates, showing improvement from a year ago. - Revenue of $1.64 billion surpassed expectations, although lower than the previous year. - Investors should monitor management's commentary and future earnings outlook for stock performance. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Olin's upcoming quarterly earnings expected at $0.36 per share, a 69% decline. - Revenue forecasted at $1.64 billion, down by 11.2% year over year. - Analysts revised EPS estimate up by 0.4% in the past 30 days, reflecting changes. - Analysts project specific metrics like Sales and Income Before Taxes for Olin. - Analysts predict different estimates for 'Sales- Winchester,' 'Sales- Epoxy,' and more. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Olin is expected to report a year-over-year decline in earnings and revenue for Q1 2024. - Analysts predict earnings of $0.38 per share, down 67.2%, and revenue of $1.65 billion, a 10.7% decrease. - The Direction of Estimate Revisions and Earnings Whisper model suggest a potential earnings miss. - The Earnings ESP is -8.34% and Olin has a Zacks Rank of #3, making it difficult to predict an earnings beat. - Past performance shows Olin has beaten consensus EPS estimates three out of the last four quarters. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis