Published on 9 Nov 2022 on Simply Wall St. via Yahoo Finance

Some GrafTech International Ltd. (NYSE:EAF) Analysts Just Made A Major Cut To Next Year's Estimates

One thing we could say about the analysts on GrafTech International Ltd. (NYSE:EAF) - they aren't optimistic, having just made a major negative revision to their near-term (statutory) forecasts for the organization. Revenue and earnings per share (EPS) forecasts were both revised downwards, with analysts seeing grey clouds on the horizon.

Following the downgrade, the consensus from four analysts covering GrafTech International is for revenues of US$863m in 2023, implying a disturbing 38% decline in sales compared to the last 12 months. Statutory earnings per share are anticipated to plunge 66% to US$0.63 in the same period. Before this latest update, the analysts had been forecasting revenues of US$1.3b and earnings per share (EPS) of US$0.87 in 2023. It looks like analyst sentiment has declined substantially, with a pretty serious reduction to revenue estimates and a pretty serious decline to earnings per share numbers as well.

See our latest analysis for GrafTech International