Ashland Inc reports results for the quarter ended March 31 - Earnings Summary

• Ashland Inc ASH.N reported quarterly adjusted earnings of 99 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.27. The mean expectation of eight analysts for the quarter was for earnings of $1.10 per share. Wall Street expected results to range from 95 cents to $1.21 per share.

• Revenue fell 16.7% to $479.00 million from a year ago; analysts expected $502.65 million.

• Ashland Inc's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $31 million.

• Ashland Inc shares had fallen by 9.8% this quarter and lost 25.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.6% 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 8 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the diversified chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Ashland Inc is $68.50

This summary was machine generated from LSEG data May 1 at 12:22 a.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)