Market Overview

Earnings Preview for PQ Group Holdings

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On Friday, October 30, PQ Group Holdings (NYSE: PQG) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts expect PQ Group Holdings earnings of $0.24 per share. Revenue will likely be around $387.44 million, according to the consensus estimate. PQ Group Holdings EPS in the same period a year ago totaled $0.36. Revenue was $423.80 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Friday, quarterly profit would be down 33.33%. Sales would be down 8.58% from the year-ago period. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.19 0.10 0.09 0.28
EPS Actual 0.22 0.16 0.13 0.36
Revenue Estimate 358.71 M 356.26 M 365.36 M 425.55 M
Revenue Actual 359.50 M 361.60 M 352.40 M 423.80 M

Stock Performance

Over the past 52-week period, shares of PQ Group Holdings have declined 28.71%.

Do not be surprised to see the stock move on comments made during its conference call. PQ Group Holdings is scheduled to hold the call at 10:00:00 ET and can be accessed here.

 

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Posted-In: Earnings