Air Products and Chemicals Inc reports results for the quarter ended December 31 - Earnings Summary

• Air Products and Chemicals Inc APD.N reported quarterly adjusted earnings of $2.86​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $2.82. The mean expectation of sixteen analysts for the quarter was for earnings of $2.85 per share. Wall Street expected results to range from $2.78 to $2.91 per share.

• Revenue fell 2.2% to $2.93 billion from a year ago; analysts expected $2.94 billion.

• Air Products and Chemicals Inc's reported EPS for the quarter was $2.77​.

• The company reported quarterly net income of $617.4 million.

• Air Products and Chemicals Inc shares had risen by 14.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the commodity chemicals peer group is also "buy"

Wall Street's median 12-month price target for Air Products and Chemicals Inc is $352.18

This summary was machine generated from LSEG data February 6 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)