BASF Adjusted Earnings Miss Likely to Drive Consensus Downgrades -- Market Talk

Dow Jones01-23

0646 GMT - BASF's weaker-than-expected fourth-quarter adjusted earnings are likely to drive consensus downgrades, J.P. Morgan analysts Chetan Udeshi and Angelina Glazova write in a note. The German chemical giant didn't provide a segment breakdown, so it isn't clear where the earnings miss originated, they say. Adjusted Ebitda was 14% and 10% below J.P. Morgan and Vara estimates, respectively, and fell 25% year over year, they add. The weaker adjusted earnings run rate could drive a further 2%-3% cut to 2026 consensus adjusted Ebitda and around a 5% downgrade to consensus adjusted earnings per share. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

January 23, 2026 01:46 ET (06:46 GMT)

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Morgan analysts Chetan Udeshi and Angelina Glazova write in a note. The German chemical giant didn't provide a segment breakdown, so it isn't clear where the earnings miss originated, they say. Adjusted Ebitda was 14% and 10% below J.P. Morgan and Vara estimates, respectively, and fell 25% year over year, they add. The weaker adjusted earnings run rate could drive a further 2%-3% cut to 2026 consensus adjusted Ebitda and around a 5% downgrade to consensus adjusted earnings per share. 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