Yahoo Finance Huntsman Second Quarter 2024 Earnings: Misses Expectations
Huntsman (NYSE:HUN) Second Quarter 2024 Results
Key Financial Results
Revenue: US$1.57b (down 1.4% from 2Q 2023).
Net income: US$15.0m (down 29% from 2Q 2023).
Profit margin: 1.0% (down from 1.3% in 2Q 2023).
EPS: US$0.087 (down from US$0.12 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Huntsman Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 29%.
Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's shares are down 13% from a week ago.
Valuation
Our analysis of these results suggests Huntsman may be undervalued based on 6 important criteria we look at. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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