Olin Corp reports results for the quarter ended September 30 - Earnings Summary

• Olin Corp OLN.N reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 3 cents to 48 cents per share.

• Revenue rose 2% to $1.75 billion from a year ago; analysts expected $1.83 billion.

• Olin Corp's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $14.4 million.

• Olin Corp shares had risen by 6.3% this quarter and lost 20.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 54% in the last three months.​

• In the last 30 days, six analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is "buy."

• Wall Street's median 12-month price target for Olin Corp is $18.00, about 10.8% above its last closing price of $16.05

This summary was machine generated from LSEG data October 29 at 11:56 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)