Air Products (APD) Beats Q1 Earnings & Sales Estimates

January 26, 2018 Technicals 0

Zacks

Air Products and Chemicals Inc. APD 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 $1.79 per share for first-quarter fiscal 2018, up 22% year over year. It beat the Zacks Consensus Estimate of $1.66.
Revenues
Air Products posted first-quarter revenues of $2,216.6 million, up around 18% year over year. It beat the Zacks Consensus Estimate of $2,159.2 million.
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Air Products for the first quarter has been stable over the last month. Air Products has beaten the Zacks Consensus Estimate in three of the trailing four quarters with an average beat of 2.6%.
Key Stats/Developments to Note
For fiscal 2018, Air Products anticipates its adjusted earnings to be in the range of $7.15-$7.35 per share, up 13-16% from the prior year. The company expects adjusted earnings to be in the band of $1.65-$1.70 per share for the fiscal second quarter. It also sees capital expenditure of $1.2-$1.4 billion for fiscal 2018.
Air Products and Chemicals, Inc. Price, Consensus and EPS Surprise

Air Products and Chemicals, Inc. Price, Consensus and EPS Surprise | Air Products and Chemicals, Inc. Quote

Zacks Rank

Air Products currently has a Zacks Rank #2 (Buy), 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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