Analysts Boost H.B. Fuller's Earnings Outlook as Q3 Approaches
Analysts Adjust H.B. Fuller Earnings Expectations
H.B. Fuller Company (NYSE: FUL) is set to unveil its earnings for the third quarter soon, generating excitement among investors. The anticipated earnings report, which marks a crucial moment for the company, will be released after the market closes.
Quarterly Earnings Projections
Market analysts forecast that the company based in Saint Paul, Minnesota, will disclose quarterly earnings of approximately $1.24 per share. This figure shows a commendable increase compared to the $1.13 per share reported in the same quarter last year.
Revenue Outlook
H.B. Fuller is expected to report quarterly revenue of around $893.89 million. This projection indicates a slight decline from the $917.93 million generated in the previous year, which some analysts attribute to fluctuating market conditions.
Performance in Recent Quarters
In its last quarterly report, H.B. Fuller surprised analysts with its better-than-expected second-quarter results. Additionally, the company raised its guidance for FY2025 adjusted earnings per share, boosting investor confidence.
Market Response
As anticipation builds around the upcoming earnings announcement, H.B. Fuller’s stock experienced a minor setback, with shares dropping 1.3% to close at $60.81. Investors are closely watching market movements as they prepare for the earnings release.
Analyst Ratings and Insights
In light of these performance indicators, several analysts have revisited their ratings for H.B. Fuller. Here’s a snapshot of recent analyst opinions:
- Analyst Ghansham Panjabi from Baird retained an Outperform rating and elevated the price target from $60 to $75. His accuracy rate stands at an impressive 76%.
- JP Morgan's analyst Jeffrey Zekauskas holds an Underweight rating but increased the price target from $50 to $54, boasting a 65% accuracy rate.
- Seaport Global's analyst Michael Harrison downgraded the stock from Buy to Neutral, with an accuracy rate of 62%.
- Deutsche Bank's David Begleiter sustained a Buy rating while lowering the price target from $75 to $72, with a 71% accuracy rating.
Considering an Investment in H.B. Fuller?
For those pondering an investment in H.B. Fuller stock, there’s much to consider based on the latest analyst sentiments and the company’s market positioning. Analysts recommend weighing the potential for growth against current market challenges.
Frequently Asked Questions
What is H.B. Fuller's ticker symbol?
H.B. Fuller trades under the ticker symbol FUL on the New York Stock Exchange.
When is H.B. Fuller's earnings release?
The company's third-quarter earnings will be disclosed after the market closes, marking a significant date for stakeholders.
What were H.B. Fuller's second-quarter results?
In the second quarter, H.B. Fuller reported earnings that exceeded expectations and revised their earnings guidance for the upcoming fiscal year.
How did the stock perform recently?
Investors saw the stock fall by 1.3%, closing at $60.81 amidst anticipation leading up to the earnings report.
What do recent analyst ratings indicate?
Analysts have mixed ratings on H.B. Fuller with some increasing price targets while others maintain cautious outlooks due to market conditions.
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