Core Viewpoint - The upcoming earnings report for Arcadium, scheduled for August 6, 2024, is critical for stock movement, with expectations of a potential increase if results exceed estimates, and a decrease if they fall short [1]. Earnings Estimates and Predictions - The Most Accurate Estimate for Arcadium aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, indicating no recent differing analyst views [2]. - Over the last four quarters, Arcadium has surpassed consensus EPS estimates twice, suggesting some potential for positive surprises [4]. - Wall Street anticipates a year-over-year earnings decline of 90.2%, with expected quarterly earnings of $0.05 per share [6]. Market Expectations and Comparisons - The consensus outlook indicates a decline in earnings despite higher revenues, emphasizing the importance of actual results compared to estimates for stock price impact [5]. - The consensus EPS estimate for Arcadium has remained unchanged over the last 30 days, reflecting analysts' reassessment of their initial estimates [18]. Earnings Surprise History - In the last reported quarter, Arcadium was expected to post earnings of $0.03 per share but delivered $0.06, resulting in a surprise of +100% [12]. - The company's current Zacks Rank is 4 (Sell), complicating predictions of an earnings beat [11][22]. Industry Comparisons - Linde, another player in the Zacks Chemical - Specialty industry, is expected to report earnings of $3.81 per share for the quarter ended June 2024, reflecting a year-over-year change of +6.7% [14]. - Linde's revenues are projected to be $8.33 billion, up 1.6% from the previous year, with a slight downward revision of 0.1% in the consensus EPS estimate over the last 30 days [14][25].
Analysts Estimate Arcadium (ALTM) to Report a Decline in Earnings: What to Look Out for