AdvanSix (NYSE: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:

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.

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