Advanced Drainage Systems Inc expected to post earnings of $1.02 a share - Earnings Preview

Advanced Drainage Systems

06/02/2024 14:05

* Advanced Drainage Systems Inc  WMS.N   WMS  is expected
to show
a fall in quarterly revenue when it reports  results on February
8 for the period ending December 31 2023
    * The Hilliard Ohio-based  company is expected to report a
3.9% decrease in revenue to $629.295 million from $655.17
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Advanced Drainage
Systems Inc
is for earnings of $1.02 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Advanced
Drainage
Systems Inc is $149.00​, above​ its last closing price
of $132.25. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.63        1.63       1.71      Beat    5.1
 Jun. 30 2023  1.54        1.54       2.18      Beat    41.7
 Mar. 31 2023  0.73        0.78       1.06      Beat    35.9​
 Dec. 31 2022  1.12        1.16       0.99      Missed  -14.5
 ​​Sep.        1.90        1.90       1.80      Missed  -5.1
 30 2022                                                
 Jun. 30 2022  1.49        1.40       2.22      Beat    58.3​
 Mar. 31 2022  0.69        0.66       0.54      Missed  -18.2
 Dec. 31 2021  0.90        0.91       0.86      Missed  -5.5
 This summary was machine generated February 6 at 14:05 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)