| Cabot Corporation Down to Strong Sell on Weak Q2 Results - Analyst Blog | |
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Zacks Investment Research downgraded Cabot Corporation CBT to a Zacks Rank #5 (Strong Sell) on May 19, 2015. Going by the Zacks model, companies holding a Zacks Rank #5 have strong chances of performing worse than the broader market.
Why the Downgrade?
Investor sentiments have been weak for Cabot Corporation, with its share price falling nearly 4.1% since the release of second-quarter fiscal 2015 (ended Mar 2015) results on Apr 29. The company’s adjusted earnings were 53 cents per share, down 14.5% from the Zacks Consensus Estimate of 62 cents. Also, the bottom line came in below the year-ago earnings of 83 cents.
Revenues declined 22.7% year over year due to sales decline in North America and Europe, the Middle East, Africa. Weakness in these regions was partially offset by strength seen in Japan, Southeast Asia, China and South America.
Also, Cabot Corporation’s lower-than-expected results for second-quarter fiscal 2015 led to downward revision in earnings estimates. Over the last 30 days, the Zacks Consensus Estimate for the company has decreased 10.6% to $2.86 for fiscal 2015 and 9.4% to $3.45 for fiscal 2016.
In addition, the company currently has an Earnings ESP of negative 2.45% for fiscal 2015 and negative 5.22% for fiscal 2016. For third-quarter fiscal 2015, the company’s Earnings ESP is pegged at negative 2.70%.
Stocks to Consider
Cabot Corporation currently has a market capitalization of $2.8 billion. Better-ranked stocks in the industry include Albemarle Corporation ALB, Celanese Corporation CE and LyondellBasell Industries N.V. LYB. All these stocks sport a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ALBEMARLE CORP (ALB): Free Stock Analysis Report CELANESE CP-A (CE): Free Stock Analysis Report CABOT CORP (CBT): Free Stock Analysis Report LYONDELLBASEL-A (LYB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Cabot Corporation
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CODE : CBT |
ISIN : US1270551013 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cabot is a producing company based in United states of america. Cabot is listed in United States of America. Its market capitalisation is US$ 5.6 billions as of today (€ 5.3 billions). Its stock quote reached its lowest recent point on December 16, 1994 at US$ 10.01, and its highest recent level on April 18, 2024 at US$ 90.69. Cabot has 61 807 147 shares outstanding. |