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.
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.