Valvoline (VVV) Meets or Exceeds Q1 Earnings Estimates

Valvoline (VVV) reported $0.29 per share quarterly profits, meeting the Zacks Consensus Estimate. This compared to $0.16 per share last year. Adjusted for non-recurring items. This automotive and industrial lubricants company surprised -4.88% by posting $0.39 per share profits a quarter ago. Two times in the previous four quarters, the firm exceeded consensus EPS projections.

Valvoline, a Zacks Chemical - Specialty company, missed the Zacks Consensus Estimate by 0.68% with $373.4 million in quarterly revenues. Revenues were $332.8 million last year. Only once in the previous four quarters has the firm surpassed consensus revenue projections. Management's earnings call commentary will determine whether the stock's quick price movement based on recently published figures and future earnings estimates will last.

Since January, Valvoline shares have fallen 4.2% while the S&P 500 has gained 3.6%. Valvoline has lagged the market this year, so investors wonder what's ahead for the stock?

The company's profits projections can assist investors answer this important issue, but there are no easy solutions. This includes current consensus earnings predictions for the coming quarter(s) and their recent changes.

Near-term market fluctuations and earnings estimate revisions are strongly correlated, according to empirical studies. Investors may follow earnings estimate revisions themselves or use the Zacks Rank, which has a proven track record of doing so.

Before this earnings report, Valvoline estimate revisions were uneven. After the company's earnings announcement, estimate revisions may alter, but the stock has a Zacks Rank #3 (Hold). The shares should follow the market in the foreseeable future. See all today's Zacks #1 Rank (Strong Buy) stocks here.

It will be fascinating to observe how quarter and fiscal year projections adjust. The average EPS forecast for the approaching quarter is $0.35 on $388.63 million in revenues and $1.60 on $1.62 billion for the current fiscal year.

Investors should be aware that industry outlook might affect stock performance. Zacks ranks Chemical - Specialty in the worst 29% of 250+ industries. Our analysis reveals that the top 50% of Zacks-ranked sectors beat the bottom 50% by more than 2 to 1.

Other industrial stock Blachem (BCPC) has not reported results for the quarter ending December 2023. The results should be revealed on February 16. This chemical firm is predicted to announce quarterly earnings of $0.87 per share, up 31.8% year-over-year. Over the past 30 days, the consensus quarter EPS estimate has dropped 1.1%. Blachem's quarterly sales is predicted to rise 1.4% to $235.8 million.

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