Air Products and Chemicals Prepares for Q1 Earnings Report

Air Products and Chemicals, Inc. (APD), boasting a market cap of $60.6 billion, specializes in atmospheric gases, process and specialty gases, equipment, and related services globally across the Americas, Asia, Europe, and beyond. Founded in 1940 and based in Allentown, Pennsylvania, the company is set to release its Q1 earnings on Thursday, May 1, before the stock market opens.

Analysts Anticipate Lower EPS for Q1

Leading up to the earnings announcement, analysts project that APD will report an EPS of $2.83 per share, slightly decreasing from the $2.85 per share reported in the same quarter last year. Over the past four quarters, APD has consistently met or surpassed analysts’ earnings estimates, a commendable achievement. The company’s adjusted EPS of $2.86 in the most recent quarter aligned perfectly with estimates.

Future Earnings Projections

For fiscal 2025, analysts anticipate an adjusted EPS of $12.69 for APD, representing a 2.1% increase from $12.43 in fiscal 2024. Additionally, the adjusted EPS is expected to rise by 8.4% year-over-year to $13.76 in fiscal 2026.

Stock Performance and Market Reaction

Over the past year, APD shares have risen 14.8%, outpacing the S&P 500 Index’s ($SPX) 6.6% gains and contrasting with the 9.7% decline of the Materials Select Sector SPDR Fund (XLB) during the same timeframe.

On April 14, APD’s stock closed down over 2% after Bank of America Global Research downgraded it from “Neutral” to “Underperform.”

Analysts’ Ratings Summary

The overall sentiment regarding APD stock remains moderately optimistic, reflected in its “Moderate Buy” rating. Among the 22 analysts covering APD, 13 recommend a “Strong Buy,” while nine suggest a “Hold” rating. The average price target of $339 indicates a potential upside of 27.8% from current pricing.

On the date of publication, Kritika Sarmah did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For more details, view the Barchart Disclosure Policy here.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.