Element Solutions Q1 Earnings Assessment

Author: Benzinga Insights | May 06, 2024 06:15am

The Q1 earnings report for Element Solutions (NYSE:ESI) was released on Monday, April 29, 2024 at 04:15 PM.

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

Earnings

Element Solutions beat estimated earnings by 6.0%, reporting an EPS of $0.34 versus an estimate of $0.32.

Revenue was up $600 thousand from the same period last year.

Previous Earnings Records

Last quarter the company missed on EPS by $0.01 which was followed by a 2.0% drop in the share price the next day.

Here's a look at Element Solutions's past performance:

Quarter	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
EPS Estimate	0.32	0.33	0.33	0.31	0.29
EPS Actual	0.34	0.32	0.36	0.31	0.30
Revenue Estimate	587.51M	590.63M	606.74M	607.99M	594.53M
Revenue Actual	575.00M	573.40M	599.30M	586.10M	574.40M

Peer Performance in Recent Earnings

It's important to consider Element Solutions's numbers in relation to how its competitors, like Arcadium Lithium, H.B. Fuller, and Quaker Houghton, have been performing.

• Arcadium Lithium, earnings revealed on February 22, 2024, exhibited robust performance this quarter. Contrary to the market's projected EPS of $0.14, Arcadium Lithium exceeded expectations with an EPS of $0.34, reflecting an increase of 142.86% compared to estimates. This outcome is likely to gain investor confidence
• H.B. Fuller's earnings announcement on March 27, 2024 exceeded expectations, with an actual EPS of $0.67 compared to the market's projected EPS of $0.64, resulting in a 4.69% increase.
• Quaker Houghton's earnings on May 02, 2024 exceeded market projections, revealing an EPS of $2.09 compared to the estimated EPS of $1.99, resulting in a 5.03% increase.

In-depth Analysis: Competitors' Quarterly Earnings and Stock Performance

The provided analysis offers insights into the market's response to the latest earnings releases of key competitors. It highlights the expected and announced earnings per share (EPS) for each company, along with their corresponding stock prices at the close of the announcement day and the open of the following trading day.

Company Name	Date	EPS Expected	EPS Announced	EPS Change Percent	Stock Price At Close	Stock Price at Next Day Open	Price Change Percent
Element Solutions	April 29, 2024	0.32	0.34	6.25%	$24.15	$23.84	-1.28%
Arcadium Lithium	February 22, 2024	0.14	0.34	142.86%	$4.65	$4.63	-0.43%
H.B. Fuller	March 27, 2024	0.64	0.67	4.69%	$82.58	$81.0	-1.91%
Quaker Houghton	May 02, 2024	1.99	2.09	5.03%	$192.7	$194.54	0.95%

Comparative Assessment: Estimated in Comparison with Actual Peer Revenues

The comparison table below presents estimated and announced revenue figures for Element Solutions's peers. This comparison provides insights into the revenue performance of these companies, offering valuable context for understanding their financial standing within the industry.

Company Name	Estimated Revenue	Announced Revenue	Revenue Surprise Percentage
Element Solutions	587.51M	575M	-2.13%
Arcadium Lithium	344.56M	182M	-47.18%
H.B. Fuller	825.03M	810.42M	-1.77%
Quaker Houghton	494.52M	469.76M	-5.01%

To track all earnings releases for Element Solutions visit their earnings calendar here.

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

Posted In: ESI