Newmarket Earnings Preview: Get Ahead of the Analysts
Newmarket (NYSE:NEU) will report earnings after markets close on Wednesday, April 24th. NewMarket Corporation develops, manufactures, and blends fuel and lubricant additives marketed worldwide to refiners and others who sell petroleum products. The Company’s products are used in transportation and industrial equipment.
Here is your Cheat Sheet to Newmarket Earnings:
Earnings Expectations: Analysts expect earnings of $4.82 per share on revenues of $574.82 million. Currently, the company’s P/E ratio stands at 14.39.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $5.21 to a profit $5.1. For the current year, the average estimate is a profit of $18.49, which is worse than the estimate ninety days ago.
Here’s how Newmarket has been performing on an annual basis:
|Revenue ($) in millions||1,617||1,530||1,797||2,150||2,223|
|Diluted EPS ($)||4.75||10.65||12.09||15.09||17.85|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||505.56||562.68||590.41||554.04||516.18|
|Diluted EPS ($)||2.53||4.96||4.12||4.83||3.94|
Newmarket has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)