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Top Wall Street Forecasters Revamp Compass Minerals International Price Expectations Ahead Of Q4 Earnings

Benzinga ·  Dec 13 20:20

Compass Minerals International, Inc. (NYSE:CMP) will release its fourth-quarter financial results, after the closing bell, on Monday, Dec. 16.

Analysts expect the Overland Park, Kansas-based retailer to report a quarterly loss at 52 cents per share, versus a year-ago loss of 6 cents per share. Compass Minerals projects quarterly revenue of $208.68 million, compared to $233.6 million a year earlier, according to data from Benzinga Pro.

On Sept. 17, the company reported preliminary revenue of $202.9 million, exceeding the estimated $197.775 million. Compass Minerals reported preliminary adjusted EBITDA of $32.8 million, including a $0.9 million non-cash gain from a decrease in the Fortress contingent liability.

Compass Minerals shares fell 2.3% to close at $13.28 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Loop Capital analyst Chris Kapsch upgraded the stock from Hold to Buy and cut the price target from $26 to $23 on April 26. This analyst has an accuracy rate of 68%.
  • JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and cut the price target from $24 to $21 on Feb. 9. This analyst has an accuracy rate of 67%.
  • Stifel analyst Vincent Anderson maintained a Buy rating and slashed the price target from $75 to $60 on Jan. 11. This analyst has an accuracy rate of 75%.

Considering buying CMP stock? Here's what analysts think:

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