Northern Technologies International -Northern Technologies (NTIC) Beats Q4 Earnings and Revenue Estimates

Core Insights - Northern Technologies (NTIC) reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of$ 0.19 per share, and significantly up from $0.03 per share a year ago, indicating a 566.67% year-over-year increase [1] - The company achieved revenues of$ 23.35 million for the quarter ended August 2024, surpassing the Zacks Consensus Estimate by 3.77% and up from $20.71 million in the same quarter last year, reflecting a 7.88% increase [2] - Northern Technologies has seen its shares increase by approximately 12.3% since the beginning of the year, while the S&P 500 has gained 23.6%, indicating underperformance relative to the broader market [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.17 on revenues of $22.2 million, and for the current fiscal year, it is$ 0.80 on revenues of $93.9 million [7] - The estimate revisions trend for Northern Technologies is mixed, resulting in a Zacks Rank 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6] Industry Context - The Chemical - Diversified industry, to which Northern Technologies belongs, is currently ranked in the bottom 18% of over 250 Zacks industries, indicating potential challenges ahead [8]