Northern Applied sciences (NTIC) got here out with quarterly earnings of $0.07 per share, lacking the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.10 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of -41.67%. 1 / 4 in the past, it was anticipated that this rust and corrosion prevention firm would put up earnings of $0.19 per share when it truly produced earnings of $0.20, delivering a shock of 5.26%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Northern Applied sciences
The sustainability of the inventory’s fast value motion based mostly on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Northern Applied sciences shares have misplaced about 4% for the reason that starting of the yr versus the S&P 500’s acquire of 0.5%.
What’s Subsequent for Northern Applied sciences?
Whereas Northern Applied sciences has underperformed the market to this point this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified currently.
Empirical analysis reveals a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a powerful monitor document of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Northern Applied sciences: unfavorable. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.16 on $22.3 million in revenues for the approaching quarter and $0.70 on $92.6 million in revenues for the present fiscal yr.
Traders ought to be conscious of the truth that the outlook for the business can have a fabric affect on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, Chemical – Diversified is at present within the backside 9% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical business, Methanex (MEOH), has but to report outcomes for the quarter ended December 2024.
This methanol provider is predicted to put up quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of +61.5%. The consensus EPS estimate for the quarter has been revised 4.7% greater during the last 30 days to the present degree.
Methanex’s revenues are anticipated to be $1.02 billion, up 11.1% from the year-ago quarter.
Ought to You Spend money on Northern Applied sciences Worldwide Company (NTIC)?
Earlier than you put money into Northern Applied sciences Worldwide Company (NTIC), need to know one of the best shares to purchase for the subsequent 30 days? Take a look at Zacks Funding Analysis for our free report on the 7 best stocks to purchase.
Zacks Funding Analysis has been dedicated to offering traders with instruments and impartial analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean acquire of +24.08% per yr. (These returns cowl a interval from January 1, 1988 via Could 6, 2024.)
Northern Technologies International Corporation (NTIC) : Free Stock Analysis Report
Methanex Corporation (MEOH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
