Cabot: Q1 Earnings Insights - Cabot (NYSE:CBT)

Cabot CBT reported its Q1 earnings results on Monday, February 5, 2024 at 04:30 PM.

Here's what investors need to know about the announcement.

Cabot beat estimated earnings by 4.7%, reporting an EPS of $1.56 versus an estimate of $1.49.

Revenue was down $7.00 million from the same period last year.

Last quarter the company beat on EPS by $0.17 which was followed by a 8.31% increase in the share price the next day.

Here's a look at Cabot's past performance:

Quarter	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	1.48	1.56	1.31	0.97
EPS Actual	1.65	1.42	1.33	0.98
Revenue Estimate	991.48M	1.15B	1.11B	955.24M
Revenue Actual	965.00M	968.00M	1.03B	965.00M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Cabot management provided guidance for FY 2024, expecting earnings between $6.3 and $6.8 per share.

To track all earnings releases for Cabot visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.