Valued at a market cap of $60.6 billion, Air Products and Chemicals, Inc. (APD) provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, and internationally. Founded in 1940, the Allentown, Pennsylvania-based company is expected to report its Q1 earnings on Thursday, May 1, before the market opens.
Ahead of the event, analysts expect APD to report an EPS of $2.83 per share, down marginally from a profit of $2.85 per share reported in the year-ago quarter. It has exceeded or met analysts' earnings estimates in all of the past four quarters, which is admirable. Its adjusted EPS of $2.86 in the recent quarter successfully met the analysts' estimate as well.
