Sensient Technologies Earnings: Everything You Must Know Now
Sensient Technologies Corporation (NYSE:SXT) 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..
Sensient Technologies Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 2.63% to $0.74 in the quarter versus EPS of $0.76 in the year-earlier quarter.
Revenue: Rose 3% to $378.81 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Sensient Technologies Corporation reported adjusted EPS income of $0.74 per share. By that measure, the company beat the mean analyst estimate of $0.72. It missed the average revenue estimate of $381.3 million.
Quoting Management: “Sensient delivered solid results in the second quarter,” said Kenneth P. Manning, Chairman and CEO of Sensient Technologies Corporation. “We continue to see opportunities for growth in all of our Groups, and I remain very optimistic about the Company’s future.”
Key Stats (on next page)…
Revenue increased 3.6% from $365.64 million in the previous quarter. EPS increased 19.35% from $0.62 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.72 and has not changed. For the current year, the average estimate is a profit of $2.69, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)