Olin Corp reports results for the quarter ended March 31 - Earnings Summary

• Olin Corp OLN.N reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of nineteen analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -17 cents tozero cents per share.

• Revenue rose 0.5% to $1.64 billion from a year ago; analysts expected $1.58 billion.

• Olin Corp's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $1.4 million.

• Olin Corp shares had fallen by 10.8% this quarter and lost 36.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 150.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is also "hold"

• Wall Street's median 12-month price target for Olin Corp is $28.00

This summary was machine generated from LSEG data May 2 at 03:25 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)