Advanced Drainage Systems Inc expected to post earnings of 77  cents a share - Earnings Preview

Advanced Drainage Systems

16/05/2023 14:36

* Advanced Drainage Systems Inc  WMS.N   WMS  is expected
to show
a fall in quarterly revenue when it reports  results on May 18. 
    * The Hilliard Ohio-based  company is expected to report  a
17.0% decrease in revenue to $562.746 million from $678.19
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Advanced Drainage
Systems
Inc is for earnings of 77 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $113​, above​ its last closing price of $87.62.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  1.49        1.40       2.22      Beat    58.3​
 Mar. 31 2022  0.69        0.66       0.54      Missed  -18.2
 ​​Dec.        0.90        0.91       0.86      Missed  -5.5
 31 2021                                                
 Sep. 30 2021  1.12        1.14       0.88      Missed  -22.5​
 Jun. 30 2021  1.25        1.27       0.87      Missed  -31.2
 Mar. 31 2021  0.33        0.32       0.23      Missed  -27.6
 This summary was machine generated May 16 at 13:36 GMT.  All
figures in US dollars  unless otherwise stated