Covista Inc. reports results for the quarter ended September 30 - Earnings Summary

• Covista Inc. CVSA.N reported quarterly adjusted earnings of $2.19​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.75. The mean expectation of four analysts for the quarter was for earnings of $1.83 per share. Wall Street expected results to range from $1.78 to $1.90 per share.

• Revenue rose 10.7% to $511.53 million from a year ago; analysts expected $491.07 million.

• Covista Inc.'s reported EPS for the quarter was $1.95​.

• The company reported quarterly net income of $67.43 million.

• Covista Inc. shares had risen by 3.5% this quarter and gained 22.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.4% 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 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the miscellaneous educational service providers peer group is also "buy"

• Wall Street's median 12-month price target for Covista Inc. is $160.00, about 19.5% above its last closing price of $128.76

This summary was machine generated from LSEG data October 29 at 11:13 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)