Chart Industries (GTLS) Lags Q2 Earnings and Revenue Estimates

Core Viewpoint - Chart Industries reported quarterly earnings of $2.59 per share, missing the Zacks Consensus Estimate of $2.62 per share, but showing an increase from $2.18 per share a year ago, indicating a -1.15% earnings surprise [1] - The company posted revenues of $1.08 billion for the quarter, missing the Zacks Consensus Estimate by 3.22%, compared to $1.04 billion in the same quarter last year [2] Financial Performance - Over the last four quarters, Chart Industries has surpassed consensus EPS estimates only once [2] - The company has not been able to beat consensus revenue estimates in the last four quarters [2] - Chart Industries shares have declined approximately 10.1% year-to-date, contrasting with the S&P 500's gain of 8.6% [3] Future Outlook - The company's earnings outlook is crucial for investors, including 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 $3.38 on revenues of $1.2 billion, and for the current fiscal year, it is $11.77 on revenues of $4.62 billion [7] - The estimate revisions trend for Chart Industries was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Manufacturing - General Industrial industry, to which Chart Industries belongs, is currently in the top 11% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]