Air Products and Chemicals(US:APD) ZACKSยท2024-07-29 14:21Core Viewpoint - Air Products and Chemicals (APD) is expected to report quarterly earnings of $3.04 per share, a 2% increase year-over-year, with revenues projected at $3.04 billion, reflecting a 0.2% increase compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 1.2% over the past 30 days, indicating a reassessment by analysts [1] - Prior revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock [1] Revenue Projections - Revenue from Industrial Gases in the Middle East and India is estimated at $38.39 million, a decrease of 3.3% year-over-year [2] - Revenue from Industrial Gases in the Americas is projected to be $1.24 billion, down 1.7% year-over-year [2] - Revenue from Industrial Gases in Europe is expected to reach $682.37 million, reflecting a 3.4% decrease year-over-year [2] - Revenue from Industrial Gases in Asia is forecasted at $818.21 million, indicating a 0.6% decline from the previous year [3] - Corporate and other revenue is anticipated to be $230.80 million, showing a 13.1% increase year-over-year [3] Adjusted EBITDA Estimates - Adjusted EBITDA for Industrial Gases in the Middle East and India is estimated at $105.57 million, down from $108.30 million year-over-year [3] - Adjusted EBITDA for Industrial Gases in the Americas is projected at $580.75 million, compared to $567.80 million in the same quarter last year [3] - Adjusted EBITDA for Industrial Gases in Europe is expected to be $263.59 million, up from $253.50 million year-over-year [3] - Adjusted EBITDA for Industrial Gases in Asia is forecasted at $343.64 million, down from $356.60 million year-over-year [4] Stock Performance - Over the past month, Air Products and Chemicals shares have returned +1.1%, while the Zacks S&P 500 composite has seen a -0.2% change [4] - The company holds a Zacks Rank 4 (Sell), suggesting it may underperform the overall market in the near term [4]