NewMarket Earnings: Everything You Must Know Now

NewMarket Corp. (NYSE:NEU) 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.

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NewMarket Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 0.2% to $5.04 in the quarter versus EPS of $5.03 in the year-earlier quarter.

Revenue: Decreased 0.01% to $562.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: NewMarket Corp. reported adjusted EPS income of $5.04 per share. By that measure, the company beat the mean analyst estimate of $4.82. It missed the average revenue estimate of $574.82 million.

Quoting Management: “We are pleased with the performance of our business for the first quarter of this year. Our strong financial performance enhances our capability to provide value to our customers and growth to our shareholders,” commented President and Chief Executive Officer, Thomas E. Gottwald.

Key Stats (on next page)…

Revenue increased 8.99% from $516.18 million in the previous quarter. EPS increased 45.24% from $3.47 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 $5.21 to a profit $5.10. For the current year, the average estimate has moved down from a profit of $19.08 to a profit of $18.43 over the last ninety days.

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