FMP
Ashland Global Holdings Preannounced Q4 Shortfall on Supply Chain Issues
Sep 28, 2021 10:58 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Analysts at Deutsche Bank lowered their price target on Ashland Global Holdings Inc. (NYSE:ASH) to $110 from $115 on the company’s preannounced Q4 shortfall on supply chain issues.
Given recent preannouncements by specialty peers AXTA, ECL, IFF, PPG, SHW, Ashland's lowering of its Q4 EBITDA guidance by 11% due to supply chain challenges was not a surprise for the analysts. And similar to Q3, the continuation of these headwinds are offsetting strong demand across the company's consumer and industrial end markets.
However, with supply chain issues expected to continue possibly through 2022, the strong earnings growth the brokerage has been anticipating for next year will likely be lower than expected.
Other Blogs
May 27, 2024 3:30 PM - Rajnish Katharotiya
The best 5 GPU stocks other than NVDA
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...
Jun 10, 2024 3:46 AM - Parth Sanghvi
Fixed Costs vs Variable Costs: Understanding Cost Structures
Understanding the difference between fixed and variable costs is essential for managing a business’s finances. These costs form the foundation of any cost structure and play a critical role in pricing, budgeting, and profit margin analysis. In this guide, we will explore what fixed and variable cost...
Jul 10, 2024 2:34 AM - Parth Sanghvi
Capital Budgeting Techniques: NPV, IRR, and More - A Comprehensive Guide
Capital budgeting is a critical financial process that companies use to evaluate and select long-term investments or projects. It involves assessing potential expenditures and determining their profitability to ensure that resources are allocated effectively. This comprehensive guide covers essentia...
