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I hope you're the type of investor who will sit down and do the homework required to come out as a winner in the financial markets. When you do, you'll notice that the big guys at places like The Goldman Sachs Group NYSE: GS and other respectable investment houses generate their ideas through a process called 'top-down' research.
Ashland easily beat earnings estimates to start its new fiscal year. The specialty materials company also issued strong forward revenue guidance, citing improving demand trends.
Ashland Inc. (ASH) Q1 2024 Earnings Call Transcript
Ashland's (ASH) first-quarter earnings top estimates while sales lag on volume weakness.
Although the revenue and EPS for Ashland (ASH) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Ashland (ASH) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.97 per share a year ago.
WILMINGTON, Del., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) today announced plans to issue its first-quarter earnings release at approximately 5 p.m. ET on Tuesday, January 30, 2024. The company's live webcast with securities analysts will include an executive summary and detailed remarks. The live webcast will take place at 9 a.m. ET on Wednesday, January 31, 2024. Simultaneously, the company will post a slide presentation in the Investor Relations section of its website at http://investor.ashland.com .
Ashland (ASH) reported earnings 30 days ago. What's next for the stock?
Sales of Ashland (ASH) are adversely impacted by lower volumes from customer inventory destocking, partly offset by favorable pricing in Q4.
The headline numbers for Ashland (ASH) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.