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APD’s Stock Performance since Its Fiscal Q3 2018 Earnings

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Air Products and Chemicals’ fourth-quarter earnings

Air Products and Chemicals (APD) is set to announce its fourth quarter of fiscal 2018 earnings on November 6 before the market opens. The company plans to hold a conference call at 10:00 AM EST that day. In this series, we’ll discuss Air Products and Chemicals’ stock performance since its second-quarter earnings, analysts’ revenue estimates, and EPS estimates.

Air Products and Chemicals announced its third-quarter earnings on July 26. Since then, its stock price has fallen declined 3.8%. The company underperformed the S&P 500 (SPY), which is down 3.4%. Peers LyondellBasell (LYB), Celanese (CE), and Eastman Chemical (EMN) have fallen 16.6%, 14.2%, and 20.2%, respectively. 

APD stock remained positive for the most part since its Q3 earnings. However, the recent sell-off in the US market pushed the stock into the red.

On a year-to-date basis, APD has declined 8.0%. APD’s continued buildup of backlogs through new client orders and outstanding fiscal fourth-quarter earnings could drive the stock back into the green.

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Moving averages and relative strength index

The decline in Air Products and Chemicals’ stock price caused the stock to trade 3.0% below the 100-day moving average price of $161.33, which indicates weakness in the stock. However, the RSI (relative strength index) is at 47, which suggests that the stock is neither overbought nor oversold. 

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