Advanced Drainage Systems Inc expected to post earnings of $1.64 a share - Earnings Preview

Advanced Drainage Systems

31/10/2023 18:31

* Advanced Drainage Systems Inc  WMS.N   WMS  is expected
to show
a fall in quarterly revenue when it reports  results on November
2. 
    * The Hilliard Ohio-based  company is expected to report  a
12.3% decrease in revenue to $775.41 million from $884.21
million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Advanced Drainage
Systems
Inc is for earnings of $1.64 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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 $150​, above​ its last closing price of $106.97.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  1.90        1.90       1.80      Missed  -5.1
 ​​Jun.        1.49        1.40       2.22      Beat    58.3
 30 2022                                                
 Mar. 31 2022  0.69        0.66       0.54      Missed  -18.2​
 Dec. 31 2021  0.90        0.91       0.86      Missed  -5.5
 Sep. 30 2021  1.12        1.14       0.88      Missed  -22.5
 This summary was machine generated October 31 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated