Huntsman (HUN) Beats Q3 Earnings Estimates

Core Viewpoint - Huntsman reported quarterly earnings of $0.10 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, but down from $0.15 per share a year ago, indicating an earnings surprise of 11.11% [1][2] Financial Performance - The company posted revenues of $1.54 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.69%, compared to $1.51 billion in the same quarter last year [2] - Over the last four quarters, Huntsman has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Stock Performance - Huntsman shares have declined approximately 13.2% since the beginning of the year, while the S&P 500 has gained 20.1% [3] - The current Zacks Rank for Huntsman is 4 (Sell), indicating expected underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.02 on revenues of $1.51 billion, and $0.19 on revenues of $6.08 billion for the current fiscal year [7] - The trend for earnings estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Chemical - Diversified industry, to which Huntsman belongs, is currently in the bottom 20% of the Zacks Industry Rank, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could affect Huntsman's stock performance [5]