AdvanSix ASIX reported its Q3 earnings results on Friday, October 29, 2021 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
AdvanSix beat their estimated earnings by 20.47%, reporting an EPS of $1.53 versus an estimate of $1.27, which surprised analysts.
Revenue was up $164,585,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.64, which was followed by a 2.14% increase in the share price the next day.
Here's a look at AdvanSix's past performance:
Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
---|---|---|---|---|
EPS Estimate | 0.89 | 0.71 | 0.49 | -0.05 |
EPS Actual | 1.53 | 0.98 | 0.94 | -0.02 |
Revenue Estimate | 408.55M | 352.55M | 292.00M | 266.77M |
Revenue Actual | 437.68M | 376.38M | 340.27M | 281.91M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
AdvanSix management provided guidance for their next quarter, expecting earnings between $1.23 and $1.36 per share for the nextquarter.
This represents a -15.36% in quarter-over-quarter growth for AdvanSix, a bearish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.