(NEU) NewMarket Corporation – Upward Estimate Revisions by Analysts

October 19th, 2009

NewMarket Corporation (NEU) continues to see upward revisions of the Zacks Consensus Estimate. The current full-year earnings forecast of $8.64 per share is an increase from the $8.14 projection analysts were calling for in late September, when NEU was previously featured as a Growth and Income pick. The most accurate Zacks Consensus Estimate is even higher at $8.90.

For the third quarter, analysts polled by Zacks are calling for earnings of $2.14 per share, up from last month’s $1.91 and the 2 months-ago level of $1.43. The most accurate Zacks Consensus Estimate is even more bullish at $2.48.

The company is scheduled to release third-quarter earnings on October 22.

Shares of NEU have outpaced the market by more than 100% over the past year.

Zacks Investment Research
View original at: Zacks.com News Feed

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