Finance

Air Products and Chemicals, Inc. (NYSE:APD) topped earnings-per-share estimates 83% of the time

Air Products and Chemicals, Inc. (NYSE:APD) is projected to declare fiscal second quarter financial results right before the stock market’s official open on April 25, 2017. The stock lost about -6.7 percent in price since last results when it was at $148.81 a share. Based on the most relevant past-periods data, there is an 53.57 percent probability for this firm’s share price to go down following next quarterly results. Earnings reaction history tells us that the equity price moved down 15 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 83% of the time in its last 12 earnings reports. It fell short of earnings estimates on 2 occasions, and it has met expectations 0 time.

Here’s how traders responded to APD earnings announcements over the past few quarters.

Air Products and Chemicals, Inc. (APD) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 0.49 percent over the past four quarters. Back on January 27, 2017, it posted earnings per-share earnings at $1.47 which missed the consensus $1.48 projection (negative surprise of-0.68%). For the quarter, revenue came in at 1.88B versus consensus estimate of 1.95B. The stock dropped -4.57 percent the session following the earnings reports were released, and on 7th day price change was -6.4 percent.

On October 27, 2016, it reported earnings at $2.01 a share compared with the consensus estimate of $1.99 per share (positive surprise of 1.01%). Revenue of 2.46B for that quarter was above the $2.45B analysts had expected. The stock climbed 0.32% the day following the earnings announcement, and on 7th day price change was 0.43%.

On July 28, 2016, it recorded $1.92 a share in earnings which topped the consensus estimate of $1.91 (positive surprise of 0.52%). Revenue for the quarter was $2.43B while analysts called for revenues to be $2.42B. The stock dropped -0.01% the day following the earnings data was made public, and on 7th day price change was -0.54%.

On April 28, 2016, it announced earnings per share at $1.82 versus the consensus estimate of $1.8 per share (positive surprise of 1.11%). That came on revenues of $2.27B for that period. Analysts had expected $2.37B in revenue.

Air Products and Chemicals, Inc. Earnings Estimates

As Q2 earnings announcement date approaches, Wall Street is expecting earnings per share of $1.6. The analysts’ present consensus range is $1.55-$1.63 for EPS. The market consensus range for revenue is between $1.96B and $1.99B, with an average of $1.98B.

Air Products and Chemicals, Inc. (NYSE:APD) last ended at $137.82, sending the company’s market cap near $29.99B. The consensus 12-month price target from analysts covering the stock is $150.05. The share price has declined -7.85% from its top level in 52 weeks and advanced -4.17% this year. It recently traded in a range of $136.93-$139.29 at a volume of 1443125 shares. The recent trading ended with the price nearly -1.07 lower for the last 5 trading days, rebounding 14.66% from its 52-week low.

 

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