Exploring Ashland's Earnings Expectations

Ashland ASH is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Ashland will report an earnings per share (EPS) of $1.28.

Ashland bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

During the last quarter, the company reported an EPS beat by $0.06, leading to a 9.57% drop in the share price on the subsequent day.

Here's a look at Ashland's past performance and the resulting price change:

Performance of Ashland Shares

Shares of Ashland were trading at $85.32 as of November 04. Over the last 52-week period, shares are up 11.05%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

To track all earnings releases for Ashland visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.