Ecovyst (ECVT) Misses Q2 Earnings and Revenue Estimates
Ecovyst Ecovyst (US:ECVT) ZACKS·2024-08-01 12:15

分组1 - Ecovyst reported quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.14 per share, and down from $0.29 per share a year ago, representing an earnings surprise of -14.29% [1] - The company posted revenues of $182.8 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.24%, and down from $184.1 million year-over-year [2] - Ecovyst shares have underperformed the market, losing about 2.4% since the beginning of the year compared to the S&P 500's gain of 15.8% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.28 on revenues of $194.97 million, and for the current fiscal year, it is $0.86 on revenues of $734.04 million [7] - The Zacks Industry Rank indicates that the Technology Services sector is currently in the top 38% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this industry [8] - Ecovyst currently holds a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6]