Huntsman Earnings: Here’s Why the Stock is Up Now

Huntsman Corporation (NYSE:HUN) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.11%.

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Huntsman Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 74.32% to $0.19 in the quarter versus EPS of $0.74 in the year-earlier quarter.

Revenue: Decreased 7.24% to $2.7 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Huntsman Corporation reported adjusted EPS income of $0.19 per share. By that measure, the company beat the mean analyst estimate of $0.16. It missed the average revenue estimate of $2.71 billion.

Quoting Management: Peter R. Huntsman, our President and CEO, commented:
“During the first quarter this year we saw a meaningful improvement in our MDI polyurethane margins. We expect this trend to continue as industry fundamentals improve.
I am encouraged by general demand trends across our businesses in North America and Asia and am optimistic about future prospects of our business in the key markets we serve. With the successful restart of our Port Neches facility and in excess of $165 million of annual cash improvements in the next several quarters, we continue to forecast that our non-TiO2 divisions will collectively do better this year than last.”

Key Stats (on next page)…

Revenue increased 3.17% from $2.62 billion in the previous quarter. EPS decreased 20.83% from $0.24 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.53 to a profit $0.48. For the current year, the average estimate has moved down from a profit of $1.93 to a profit of $1.66 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]