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Market Overview

Ashland Global Holdings Earnings Preview

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On Wednesday, February 03, Ashland Global Holdings (NYSE:ASH) will release its latest earnings report. Here is Benzinga's outlook for the company.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see Ashland Global Holdings reporting earnings of $0.63 per share on revenue of $539.62 million. Ashland Global Holdings EPS in the same period a year ago totaled $0.13. Revenue was $533.00 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The analyst consensus estimate would represent a 384.62% increase in the company's earnings. Sales would be up 1.24% from the same quarter last year. Ashland Global Holdings's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q4 2020 Q3 2020 Q2 2020 Q1 2020
EPS Estimate 0.75 0.68 0.81 0.07
EPS Actual 1.25 0.84 0.84 0.13
Revenue Estimate 594.09 M 561.94 M 618.76 M 535.58 M
Revenue Actual 609.00 M 574.00 M 610.00 M 533.00 M

Stock Performance

Shares of Ashland Global Holdings were trading at $83.34 as of February 01. Over the last 52-week period, shares are up 7.45%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Ashland Global Holdings is scheduled to hold the call at 09:00:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings