Group 1: Earnings Performance - Element Solutions reported quarterly earnings of 0.32 per share a year ago [1] - The company posted revenues of 573.4 million in the same quarter last year [2] - Over the last four quarters, Element Solutions has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Element Solutions shares have increased by approximately 2.8% since the beginning of the year, while the S&P 500 has gained 4% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is 574.8 million, and for the current fiscal year, it is 2.43 billion [7] Group 3: Industry Context - The Chemical - Specialty industry, to which Element Solutions belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]
Element Solutions (ESI) Meets Q4 Earnings Estimates