What's In Store For Air Products (APD) This Earnings Season?
Zacks Investment Research | Jan 22, 2019 08:07PM ET
Air Products and Chemicals, Inc. (NYSE:APD) is slated to release first-quarter fiscal 2019 results on Jan 25, before market opens.
The company recorded adjusted earnings per share (EPS) of $2.00 in fourth-quarter fiscal 2018, up 14% from the year-ago quarter. Earnings were in line with the Zacks Consensus Estimate.
Air Products logged net sales of $2,298.9 million in the fiscal fourth quarter, up 4.4% year over year. However, the top line missed the Zacks Consensus Estimate of $2,308 million.
Notably, Air Products surpassed the Zacks Consensus Estimate in three of the trailing four quarters, delivering an average positive surprise of around 3.9%.
The stock has lost 7% in a year’s time compared with the
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