Balchem BCPC will release its quarterly earnings report on Friday, 2024-10-25. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Balchem to report an earnings per share (EPS) of $1.11.
The market awaits Balchem's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Historical Earnings Performance
The company's EPS beat by $0.06 in the last quarter, leading to a 0.0% drop in the share price on the following day.
Here's a look at Balchem's past performance and the resulting price change:
Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
---|---|---|---|---|
EPS Estimate | 1.03 | 0.99 | 0.93 | 0.97 |
EPS Actual | 1.09 | 1.03 | 0.95 | 1.04 |
Price Change % | 3.0% | 3.0% | 2.0% | -5.0% |
Performance of Balchem Shares
Shares of Balchem were trading at $166.76 as of October 23. Over the last 52-week period, shares are up 44.86%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Balchem visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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