We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Quaker Chemical (KWR) Stock Rallies 32% in 3 Months: Here's Why
Read MoreHide Full Article
Quaker Chemical Corporation’s (KWR - Free Report) shares have rallied 32.3% in the past three months. Owing to the upside, the stock outperformed its industry’s rise of 13.4% over the same time frame. The company has topped the S&P 500’s nearly 9% rise over the same period.
Image Source: Zacks Investment Research
Let’s look at the factors driving this Zacks Rank #3 (Hold) stock.
What’s Driving Quaker?
Quaker reported robust performance in the third quarter, surpassing expectations with adjusted earnings per share at $2.05, beating the Zacks Consensus Estimate of $1.89. Despite a slight dip in net sales by 0.3% to $490.6 million, it exceeded the Zacks Consensus Estimate of $483.6 million. The company demonstrated resilience through higher selling prices, a favorable currency impact and an improved product mix.
In the EMEA unit, sales rose by 4% year-over-year to $139.6 million, surpassing the consensus estimate of $129 million. This upside was driven by higher selling prices and a positive currency impact, although partially offset by lower sales volumes. The Asia/Pacific unit achieved sales of $105.1 million, a 2% increase from the previous year, surpassing the consensus estimate of $96 million, which can be attributed to increased sales volumes. However, the Americas segment experienced a 3% decline in sales, totaling $245.9 million.
The company consistently delivered positive earnings surprises in each of the last four consecutive quarters, with an average beat of 16.7%. The Zacks Consensus Estimate for 2023 earnings is pegged at $7.53 per share, indicating 28.3% growth from the previous year's reported figure. Earnings are also expected to register 17.9% growth in 2024.
KWR remains committed to executing its enterprise strategy as it collaborates with customers to provide value-added services and solutions. It is progressing to position the company to build upon its market-leading position by further differentiating its customer intimacy model and accelerating new business wins.
Cameco has a projected earnings growth rate of 156% for the current year. The Zacks Consensus Estimate for CCJ’s current-year earnings has been revised upward by 6.7% in the past 60 days. The stock is up around 89.2% in a year.
The consensus estimate for CRS’s current fiscal year earnings is pegged at $3.96, indicating a year-over-year surge of 247.4%. CRS beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 14.3%. The company’s shares have rallied 47.6% in the past year.
ANDE beat the Zacks Consensus Estimate in three of the last four quarters and missed one, with the average earnings surprise being 32.8%. The company’s shares have increased 44.7% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Quaker Chemical (KWR) Stock Rallies 32% in 3 Months: Here's Why
Quaker Chemical Corporation’s (KWR - Free Report) shares have rallied 32.3% in the past three months. Owing to the upside, the stock outperformed its industry’s rise of 13.4% over the same time frame. The company has topped the S&P 500’s nearly 9% rise over the same period.
Image Source: Zacks Investment Research
Let’s look at the factors driving this Zacks Rank #3 (Hold) stock.
What’s Driving Quaker?
Quaker reported robust performance in the third quarter, surpassing expectations with adjusted earnings per share at $2.05, beating the Zacks Consensus Estimate of $1.89. Despite a slight dip in net sales by 0.3% to $490.6 million, it exceeded the Zacks Consensus Estimate of $483.6 million. The company demonstrated resilience through higher selling prices, a favorable currency impact and an improved product mix.
In the EMEA unit, sales rose by 4% year-over-year to $139.6 million, surpassing the consensus estimate of $129 million. This upside was driven by higher selling prices and a positive currency impact, although partially offset by lower sales volumes. The Asia/Pacific unit achieved sales of $105.1 million, a 2% increase from the previous year, surpassing the consensus estimate of $96 million, which can be attributed to increased sales volumes. However, the Americas segment experienced a 3% decline in sales, totaling $245.9 million.
The company consistently delivered positive earnings surprises in each of the last four consecutive quarters, with an average beat of 16.7%. The Zacks Consensus Estimate for 2023 earnings is pegged at $7.53 per share, indicating 28.3% growth from the previous year's reported figure. Earnings are also expected to register 17.9% growth in 2024.
KWR remains committed to executing its enterprise strategy as it collaborates with customers to provide value-added services and solutions. It is progressing to position the company to build upon its market-leading position by further differentiating its customer intimacy model and accelerating new business wins.
Quaker Houghton Price and Consensus
Quaker Houghton price-consensus-chart | Quaker Houghton Quote
Zacks Rank & Key Picks
Some better-ranked stocks in the Basic Materials space are Cameco Corporation (CCJ - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and The Andersons (ANDE - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Cameco has a projected earnings growth rate of 156% for the current year. The Zacks Consensus Estimate for CCJ’s current-year earnings has been revised upward by 6.7% in the past 60 days. The stock is up around 89.2% in a year.
The consensus estimate for CRS’s current fiscal year earnings is pegged at $3.96, indicating a year-over-year surge of 247.4%. CRS beat the Zacks Consensus Estimate in all of the last four quarters, with the average earnings surprise being 14.3%. The company’s shares have rallied 47.6% in the past year.
ANDE beat the Zacks Consensus Estimate in three of the last four quarters and missed one, with the average earnings surprise being 32.8%. The company’s shares have increased 44.7% in the past year.