Cabot Corporation to Announce Q1 Earnings on February 3rd
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Should l Buy CBT?
Source: seekingalpha
- Earnings Announcement: Cabot Corporation is set to release its Q1 2023 earnings on February 3rd after market close, with consensus EPS estimates at $1.38, reflecting a significant year-over-year decline of 27.4%, indicating potential profitability challenges.
- Revenue Decline: The anticipated revenue of $888.12 million represents a 5.1% year-over-year decrease, highlighting sales challenges faced by Cabot in the current economic climate, which may adversely affect market performance and investor confidence.
- Historical Performance Review: Over the past two years, Cabot has beaten EPS estimates 88% of the time, but only 13% for revenue estimates, indicating relative stability in earnings but struggles with revenue growth.
- Forecast Revision Trends: In the last three months, there have been no upward revisions to EPS estimates and one downward revision, with revenue estimates also seeing no upward revisions and one downward adjustment, suggesting a weakening market outlook for Cabot's future performance.
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Analyst Views on CBT
Wall Street analysts forecast CBT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CBT is 66.33 USD with a low forecast of 54.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
1 Hold
1 Sell
Hold
Current: 76.250
Low
54.00
Averages
66.33
High
80.00
Current: 76.250
Low
54.00
Averages
66.33
High
80.00
About CBT
Cabot Corporation is a global specialty chemicals and performance materials company. The Company's principal products are reinforcing and specialty carbons, specialty compounds, conductive additives, carbon nanotubes, fumed metal oxides, inkjet colorants and aerogel. It operates through two segments: Reinforcement Materials and Performance Chemicals. Its reinforcing carbon products are used in tires and industrial products. In addition to its reinforcing carbons, it manufactures engineered elastomer composites (E2C) solutions that are composites of reinforcing carbons and rubber made using its patented elastomer composites manufacturing process. Under Performance Chemicals segment, it designs, manufactures and sells materials that deliver performance in a range of customer applications across the automotive, construction, infrastructure, inkjet printing, electronics, and consumer products sectors and in applications related to the generation, transmission and storage of energy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Overview of Changes: While specific upgrades and downgrades are not detailed, the overall rating changes may lead to short-term volatility in related stocks, prompting investors to closely monitor these shifts.
- Expected Market Reaction: Analyst rating adjustments typically trigger immediate market responses, especially when investor interest in specific stocks increases, potentially impacting short-term price movements.
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Wall Street Analysts Adjust Ratings
- Analyst Rating Updates: Top Wall Street analysts have adjusted their ratings on several companies, indicating a shift in market sentiment that could influence investor decisions and market trends.
- Upgrades and Downgrades: The rating changes include both upgrades and downgrades for certain stocks, prompting investors to pay attention to these shifts to assess potential investment opportunities and risks.
- Market Reaction Expectations: Analyst rating adjustments typically trigger immediate market reactions, and investors should closely monitor how these changes impact stock prices to timely adjust their investment strategies.
- Comprehensive Rating View: For a complete overview of all analyst rating changes, including upgrades, downgrades, and initiations, it is recommended to visit the analyst ratings page for detailed data and analysis.
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- Sales Growth: The company achieved quarterly sales of $580.620 million, exceeding the analyst consensus estimate of $533.890 million, demonstrating strong market demand and driving sustained performance growth.
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Cabot Corporation Q1 2026 Earnings Call Insights
- Financial Performance Overview: Cabot Corporation reported adjusted earnings per share of $1.53 for Q1 2026, reflecting a 13% year-over-year decline primarily due to a 22% drop in EBIT from the Reinforcement Materials segment, indicating weak sales in the Americas and Asia Pacific that impacted overall profitability.
- Cost Management Initiatives: The company achieved $50 million in cost savings in fiscal 2025 and plans to reduce costs by an additional $30 million in fiscal 2026 through procurement savings, headcount reductions, and technology-driven manufacturing efficiencies, aimed at enhancing financial flexibility and profitability.
- Strategic Partnership Agreement: The multiyear agreement with PowerCo is viewed as a key milestone that is expected to further solidify Cabot's position in the battery value chain; while the specific financial contribution remains undisclosed, its strategic significance is noteworthy.
- Adjusted Future Outlook: Management narrowed the adjusted earnings per share guidance for fiscal 2026 to a range of $6 to $6.50, reflecting expectations from annual supply agreements, while anticipating stable volumes in Reinforcement Materials despite some losses in Europe.
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Cabot Q1 Earnings Exceed Expectations
- Earnings Beat: Cabot reported a Q1 non-GAAP EPS of $1.53, exceeding expectations by $0.15, indicating strong profitability despite facing market challenges.
- Revenue Growth: The company achieved Q1 revenue of $955 million, a 2.0% year-over-year increase, surpassing analyst expectations by $66.88 million, reflecting stable sales growth in a complex market environment.
- Cautious Outlook: Cabot maintains a bearish stance on future guidance due to a cut and ongoing trade turbulence, which may impact investor confidence and put pressure on stock prices.
- Market Reaction Analysis: Despite strong earnings data, the company's poor future guidance may dampen market response, necessitating investor attention on subsequent developments.
See More
Cabot Corporation to Announce Q1 Earnings on February 3rd
- Earnings Announcement: Cabot Corporation is set to release its Q1 2023 earnings on February 3rd after market close, with consensus EPS estimates at $1.38, reflecting a significant year-over-year decline of 27.4%, indicating potential profitability challenges.
- Revenue Decline: The anticipated revenue of $888.12 million represents a 5.1% year-over-year decrease, highlighting sales challenges faced by Cabot in the current economic climate, which may adversely affect market performance and investor confidence.
- Historical Performance Review: Over the past two years, Cabot has beaten EPS estimates 88% of the time, but only 13% for revenue estimates, indicating relative stability in earnings but struggles with revenue growth.
- Forecast Revision Trends: In the last three months, there have been no upward revisions to EPS estimates and one downward revision, with revenue estimates also seeing no upward revisions and one downward adjustment, suggesting a weakening market outlook for Cabot's future performance.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Updates: Top Wall Street analysts have adjusted their ratings on several companies, reflecting a shift in market sentiment regarding their prospects, which could influence investor decisions and market trends.
- Overview of Changes: While specific upgrades and downgrades are not detailed, the overall rating changes may lead to short-term volatility in related stocks, prompting investors to closely monitor these shifts.
- Expected Market Reaction: Analyst rating adjustments typically trigger immediate market responses, especially when investor interest in specific stocks increases, potentially impacting short-term price movements.
- Investor Focus: For those considering purchasing GOOGL stock, analysts' perspectives will serve as a crucial reference point, potentially affecting their investment decisions and market confidence.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Updates: Top Wall Street analysts have adjusted their ratings on several companies, indicating a shift in market sentiment that could influence investor decisions and market trends.
- Upgrades and Downgrades: The rating changes include both upgrades and downgrades for certain stocks, prompting investors to pay attention to these shifts to assess potential investment opportunities and risks.
- Market Reaction Expectations: Analyst rating adjustments typically trigger immediate market reactions, and investors should closely monitor how these changes impact stock prices to timely adjust their investment strategies.
- Comprehensive Rating View: For a complete overview of all analyst rating changes, including upgrades, downgrades, and initiations, it is recommended to visit the analyst ratings page for detailed data and analysis.
See More
Cirrus Logic Reports Strong Q3 Earnings, Shares Surge
- Earnings Beat: Cirrus Logic reported third-quarter earnings of $2.97 per share, surpassing the analyst consensus estimate of $2.44 per share, indicating a significant improvement in profitability and boosting investor confidence.
- Sales Growth: The company achieved quarterly sales of $580.620 million, exceeding the analyst consensus estimate of $533.890 million, demonstrating strong market demand and driving sustained performance growth.
- Stock Surge: Following the positive earnings report, Cirrus Logic's shares jumped 7.6% to $134.10 on Wednesday, reflecting market optimism regarding the company's future growth potential.
- Optimistic Guidance: Cirrus Logic provided fourth-quarter sales guidance that is expected to exceed market estimates, further solidifying its competitive position in the semiconductor industry.
See More
Cabot Corporation Q1 2026 Earnings Call Insights
- Financial Performance Overview: Cabot Corporation reported adjusted earnings per share of $1.53 for Q1 2026, reflecting a 13% year-over-year decline primarily due to a 22% drop in EBIT from the Reinforcement Materials segment, indicating weak sales in the Americas and Asia Pacific that impacted overall profitability.
- Cost Management Initiatives: The company achieved $50 million in cost savings in fiscal 2025 and plans to reduce costs by an additional $30 million in fiscal 2026 through procurement savings, headcount reductions, and technology-driven manufacturing efficiencies, aimed at enhancing financial flexibility and profitability.
- Strategic Partnership Agreement: The multiyear agreement with PowerCo is viewed as a key milestone that is expected to further solidify Cabot's position in the battery value chain; while the specific financial contribution remains undisclosed, its strategic significance is noteworthy.
- Adjusted Future Outlook: Management narrowed the adjusted earnings per share guidance for fiscal 2026 to a range of $6 to $6.50, reflecting expectations from annual supply agreements, while anticipating stable volumes in Reinforcement Materials despite some losses in Europe.
See More
Cabot Q1 Earnings Exceed Expectations
- Earnings Beat: Cabot reported a Q1 non-GAAP EPS of $1.53, exceeding expectations by $0.15, indicating strong profitability despite facing market challenges.
- Revenue Growth: The company achieved Q1 revenue of $955 million, a 2.0% year-over-year increase, surpassing analyst expectations by $66.88 million, reflecting stable sales growth in a complex market environment.
- Cautious Outlook: Cabot maintains a bearish stance on future guidance due to a cut and ongoing trade turbulence, which may impact investor confidence and put pressure on stock prices.
- Market Reaction Analysis: Despite strong earnings data, the company's poor future guidance may dampen market response, necessitating investor attention on subsequent developments.
See More
Cabot Corporation to Announce Q1 Earnings on February 3rd
- Earnings Announcement: Cabot Corporation is set to release its Q1 2023 earnings on February 3rd after market close, with consensus EPS estimates at $1.38, reflecting a significant year-over-year decline of 27.4%, indicating potential profitability challenges.
- Revenue Decline: The anticipated revenue of $888.12 million represents a 5.1% year-over-year decrease, highlighting sales challenges faced by Cabot in the current economic climate, which may adversely affect market performance and investor confidence.
- Historical Performance Review: Over the past two years, Cabot has beaten EPS estimates 88% of the time, but only 13% for revenue estimates, indicating relative stability in earnings but struggles with revenue growth.
- Forecast Revision Trends: In the last three months, there have been no upward revisions to EPS estimates and one downward revision, with revenue estimates also seeing no upward revisions and one downward adjustment, suggesting a weakening market outlook for Cabot's future performance.
See More
