Qnity Electronics (NYSE:Q) Posts Quarterly Earnings Results, Beats Expectations By $0.32 EPS

Qnity Electronics (NYSE:Q) posted its quarterly earnings data on Tuesday. The premier technology solutions leader reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.32, Zacks reports. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.23 billion.

Qnity Electronics Trading Up 0.3%

Q stock opened at $79.22 on Thursday. Qnity Electronics has a 12 month low of $70.50 and a 12 month high of $105.40.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wolfe Research started coverage on Qnity Electronics in a report on Monday, November 3rd. They issued an “outperform” rating and a $110.00 target price for the company. Zacks Research upgraded Qnity Electronics to a “hold” rating in a research report on Thursday, November 6th. New Street Research set a $110.00 target price on Qnity Electronics in a report on Monday, November 3rd. Finally, Mizuho began coverage on shares of Qnity Electronics in a report on Tuesday, November 4th. They set an “outperform” rating and a $110.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $110.00.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.