Air Products and Chemicals Inc. (APD - Free Report) is a world-leading industrial gases company serving manufacturing markets including refining and petrochemical, metals, electronics, and food and beverage.
Earnings
Air Products’ adjusted earnings were $1.71 per share for second-quarter fiscal 2018, up 20% year over year. It beat the Zacks Consensus Estimate of $1.68.
Revenues
Air Products posted second-quarter revenues of $2,155.7 million, up around 9% year over year. It missed the Zacks Consensus Estimate of $2,190 million.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Air Products for the fiscal second quarter has been stable over the last month. Air Products has beaten the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of 4.7%.
Key Stats/Developments to Note
For fiscal 2018, Air Products anticipates its adjusted earnings to be in the range of $7.25 to $7.40 per share, up 15-17% from the prior year. The company expects adjusted earnings to be in the band of $1.80 to $1.85 per share for the fiscal third quarter, up 9-12% year over year. It also sees capital expenditure of $1.8-$2 billion for fiscal 2018.
Zacks Rank
Air Products currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Air Products’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Air Products’ earnings report!
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Air Products and Chemicals Inc. (APD - Free Report) is a world-leading industrial gases company serving manufacturing markets including refining and petrochemical, metals, electronics, and food and beverage.
Earnings
Air Products’ adjusted earnings were $1.71 per share for second-quarter fiscal 2018, up 20% year over year. It beat the Zacks Consensus Estimate of $1.68.
Revenues
Air Products posted second-quarter revenues of $2,155.7 million, up around 9% year over year. It missed the Zacks Consensus Estimate of $2,190 million.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Air Products for the fiscal second quarter has been stable over the last month. Air Products has beaten the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of 4.7%.
Key Stats/Developments to Note
For fiscal 2018, Air Products anticipates its adjusted earnings to be in the range of $7.25 to $7.40 per share, up 15-17% from the prior year. The company expects adjusted earnings to be in the band of $1.80 to $1.85 per share for the fiscal third quarter, up 9-12% year over year. It also sees capital expenditure of $1.8-$2 billion for fiscal 2018.
Zacks Rank
Air Products currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which has just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Air Products’ shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Air Products’ earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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