For the quarter ended September 2024, Olin (OLN) reported income of $1.59 billion, down 4.9% over the identical interval final yr. EPS got here in at -$0.21, in comparison with $0.82 within the year-ago quarter.
The reported income represents a shock of +1.17% over the Zacks Consensus Estimate of $1.57 billion. With the consensus EPS estimate being $0.03, the EPS shock was -800.00%.
Whereas traders scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher undertaking a inventory’s worth efficiency.
Right here is how Olin carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Gross sales- Epoxy: $285.10 million versus $315.60 million estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a -11.4% change.
- Gross sales- Chlor Alkali Merchandise and Vinyls: $871.60 million in comparison with the $851.47 million common estimate based mostly on 4 analysts. The reported quantity represents a change of -10.1% yr over yr.
- Gross sales- Winchester: $432.80 million versus $414.88 million estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a +13.8% change.
- Earnings earlier than Taxes- Chlor Alkali Merchandise and Vinyls: $45.30 million in comparison with the $23.32 million common estimate based mostly on 4 analysts.
- Earnings earlier than Taxes- Winchester: $53.40 million versus the four-analyst common estimate of $73.19 million.
- Earnings earlier than Taxes- Epoxy: -$42.80 million versus the four-analyst common estimate of -$22.72 million.
View all Key Company Metrics for Olin here>>>
Shares of Olin have returned -7.2% over the previous month versus the Zacks S&P 500 composite’s +1.4% change. The inventory at present has a Zacks Rank #4 (Promote), indicating that it might underperform the broader market within the close to time period.
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Olin Corporation (OLN) : Free Stock Analysis Report
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