Analysts on Wall Street project that Air Products and Chemicals (APD) will announce quarterly earnings of $3.60 per share in its forthcoming report, representing an increase of 6.2% year over year. Revenues are projected to reach $3.32 billion, increasing 4.8% from the same quarter last year.
The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Air Products and Chemicals metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Revenue- Middle East and India' stands at $32.43 million. The estimate indicates a year-over-year change of +1.4%.
It is projected by analysts that the 'Revenue- Americas' will reach $1.36 billion. The estimate suggests a change of +5.5% year over year.
The average prediction of analysts places 'Revenue- Europe' at $870.95 million. The estimate points to a change of +10.3% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenue- Asia' will likely reach $963.71 million. The estimate points to a change of +10.8% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Corporate and other' reaching $161.36 million. The estimate indicates a change of -13.1% from the prior-year quarter.
View all Key Company Metrics for Air Products and Chemicals here>>>Shares of Air Products and Chemicals have experienced a change of +14% in the past month compared to the -0.9% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), APD is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Air Products and Chemicals, Inc. (APD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).