Forcast on oln expects what kind of trend after the open
10/24/2024 07:54pm
**Olin's stock is expected to experience a decline post-market.** Here's the analysis to support this forecast:
1. **Earnings Decline Expected**: The market anticipates a year-over-year decline in earnings for Olin during the quarter ending September 2024. This expectation is based on the estimated EPS of $0.03 per share, which represents a significant drop of -96.3% compared to the previous year's EPS.
2. **Revenue Expectations**: Alongside the earnings decline, Olin's revenues are expected to fall, with an estimated $1.57 billion for the quarter, indicating a 6% decrease from the previous year.
3. **Analyst Sentiments**: The consensus among analysts is a "Neutral" rating with a price target of $52.40, suggesting a cautious outlook on the stock. This average 12-month price objective indicates a potential upside, but the current sentiment does not strongly suggest an immediate bullish or bearish trend.
4. **Historical Performance**: Olin's stock has experienced volatility, with a notable drop of 7.18% following the last earnings miss in Q2 2024. This historical response to earnings-related news suggests that the market could react negatively to any perceived shortfall in earnings.
5. **Market Dynamics**: The broader market dynamics, including the overall stock market trends and sector-specific performance, will also influence Olin's stock movement post-market. If other stocks in the chemical or ammunition sectors are experiencing downturns, Olin's stock may follow suit.
In conclusion, while there is a potential for a positive surprise if the actual earnings and revenues exceed expectations, the prevailing sentiment and historical context suggest that Olin's stock may decline post-market due to the anticipated earnings and revenue declines.