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

• Ashland Inc ASH.N reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of eight analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 9 cents to 26 cents per share.

• Revenue fell 14.4% to $405.00 million from a year ago; analysts expected $428.92 million.

• Ashland Inc's reported EPS for the quarter was a loss of $3.50​.

• The company reported a quarterly loss of $165 million.

• Ashland Inc shares had fallen by 0.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 78% in the last three months.​

• In the last 30 days, three 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 $90.00

This summary was machine generated from LSEG data January 29 at 07:20 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)