Monday, November 29, 2021

What the analysts are predicting for Olin Corporation’s [OLN] earnings

Earnings from Olin Corporation [OLN] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


OLN Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $1.28 per share on revenue of $1.93B. Taking a look at the future, the company is projected to report revenue of $1.9B at an earnings per share of $1.06 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 2.40% in revenue and -7.42% in earnings per share for the company.

OLN Stock Earnings Forecast For The Current Year


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


For the full financial year, Olin Corporation [NYSE:OLN] is forecasted to generate revenue of $7.5B. The figure is about $1.74 billion above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $3.66 in 2021, which is $4.77 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 429.70% this year, -8.70% next year, and 2.30% annually over the next five years. With regard to sales, forecasts suggest an incline of 30.30% in current fiscal year and 2.40% over following year.

OLN Stock Price Performance

At a recent check today, Olin Corporation [NYSE:OLN] finished up 0.08% at $41.62. The stock’s day high price was $42.14, and its lowest was $40.94. Its price fall -0.93% in the last five days. Since the beginning of the year, Olin Corporation’s shares are up nearly 69.30%. However, the share price is -3.94% below its one year high. The top price reached by the shares of the company was $43.32 on 04/16/21, while the 52-week low came on 01/27/21, when the shares were $22.76. In the past year, shares of the company have risen 188.95%. At 50 days, the moving average achieved is $36.11 while at 200 days, the moving average is $22.71. There were 0.2 million shares traded in the last session, down from 1.35 million in the previous session.

Olin Corporation [NYSE:OLN] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.11 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.55 for the industry, which means OLN offers an attractive investment opportunity than its competitors do.

OLN Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 41.64 level, and the violation of this level will cause a further drop to 40.97 level. At the upper end, 43.37 remains a key resistance. As the stock increases, it may find resistance at 42.75. In the 14-day chart, the Relative Strength Index standing at 59.87 suggests a technical neutral stance while the MACD standing at 0.64 indicates price will decrease in the next trading period. Stochastic %K at 62.17% suggests holding the stock while Percent R indicator at 34.04% suggests low price movement.

How much is the short interest in Olin Corporation?

There have been a drop in short interest in the Olin Corporation Financial stock, with short interest down by -0.32 million shares to 2.98 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 2.66 million shares. This 10.74% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 2.23% of the overall float in the stock, while the stock’s days to cover moved to 1.52.

How do analysts view Olin Corporation?

In regard to the share price forecast for Olin Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $44.50 in the next twelve months, representing almost an 6.47% growth from its recent price of $41.62. Among Olin Corporation stock projections, $56.00 is the highest analyst target for the stock, while $27.00 is the lowest. Despite this, 15 analysts who share their consensus rating for OLN in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/12/21, when Keybanc Ratings launched coverage of the stock at “Overweight” and assigned a price target of $50.0.

Latest news

Handle With Care: Intuit Inc. (INTU)

Intuit Inc. (NASDAQ: INTU), a manufacturer of accounting and tax computation software, has revealed its first quarter results for the fiscal year 2022. Management...

Longeveron Inc. (LGVN) stock sky rocketed during after-hours. Here’s to why?

Longeveron Inc. (NASDAQ: LGVN) stock gained by 135.27% at last close however its hiked by 50.95% in the after-hours trading session, as well. Longeveron...

Is Ford Motor Company (F) stock a better pick right now?

Ford Motor Company (NYSE: F) recently announced its third-quarter results, raised its full-year profits outlook, and resumed dividend payments. Ford has great aspirations for...

Westwater Resources, Inc. (WWR) Stock Surging in Aftermarket, Here’s Why

Westwater Resources, Inc. (WWR), an energy materials developer, has soared 19.77% in the aftermarket trading session. As a result, WWR stock is changing hands...

Related news

Handle With Care: Intuit Inc. (INTU)

Intuit Inc. (NASDAQ: INTU), a manufacturer of accounting and tax computation software, has revealed its first quarter results for the fiscal year 2022. Management...

Longeveron Inc. (LGVN) stock sky rocketed during after-hours. Here’s to why?

Longeveron Inc. (NASDAQ: LGVN) stock gained by 135.27% at last close however its hiked by 50.95% in the after-hours trading session, as well. Longeveron...

Is Ford Motor Company (F) stock a better pick right now?

Ford Motor Company (NYSE: F) recently announced its third-quarter results, raised its full-year profits outlook, and resumed dividend payments. Ford has great aspirations for...

Westwater Resources, Inc. (WWR) Stock Surging in Aftermarket, Here’s Why

Westwater Resources, Inc. (WWR), an energy materials developer, has soared 19.77% in the aftermarket trading session. As a result, WWR stock is changing hands...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam