LSB Industries Inc (LXU) stock plummeted by 5.07% in intraday trading on Thursday, following the release of its Q3 2024 earnings report. Despite meeting analysts' expectations with breakeven earnings per share, the company reported a quarterly net loss of $25.38 million, which may have contributed to the stock's decline.
While revenue rose 1.7% year-over-year to $109.22 million, exceeding analysts' estimates of $95.86 million, the company's overall financial performance appears to have fallen short of investors' expectations. Notably, analysts had revised their earnings estimates downwards by approximately 180% in the last three months, signaling a potential lack of confidence in the company's prospects.
Despite the stock's plummet, analysts' recommendations remain favorable, with four "strong buy" or "buy" ratings, one "hold" rating, and no "sell" or "strong sell" ratings. The consensus price target for LSB Industries Inc is $10.00, suggesting potential upside from current levels.
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