Perimeter Solutions Inc reports results for the quarter ended June 30 - Earnings Summary

• Perimeter Solutions Inc PRM.N reported quarterly adjusted earnings of 39 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of two analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 25 cents to 28 cents per share.

• Revenue rose 27.8% to $162.64 million from a year ago; analysts expected $139.65 million.

• Perimeter Solutions Inc's reported EPS for the quarter was a loss of 22 cents​.

• The company reported a quarterly loss of $32.16 million.

• Perimeter Solutions Inc shares had risen by 13.6% this quarter and gained 23.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialty chemicals peer group is also "buy"

• Wall Street's median 12-month price target for Perimeter Solutions Inc is $18.50, about 14.5% above its last closing price of $15.82

This summary was machine generated from LSEG data August 7 at 04:22 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)