Advanced Drainage Systems Inc reports results for the quarter ended in December - Earnings Summary

Advanced Drainage Systems

02/02/2023 14:30

* Advanced Drainage Systems Inc  WMS.N  reported quarterly
adjusted earnings of 99 cents​​ per share for the quarter ended
in December. The mean expectation of six analysts for the
quarter was for earnings of $1.16 per share.
    * Revenue fell 8.4% to $655.17 million from a year ago;
analysts
expected $714.26 million. 
    * Advanced Drainage Systems Inc's reported EPS for the
quarter was
99 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.3%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Advanced Drainage Systems Inc shares had risen by 27.0%
this
quarter.
    * The company reported quarterly net income of $82.04
million.
    * Wall Street's median 12-month price target for Advanced
Drainage
Systems Inc is $123.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
2 at 02:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.16           0.99           Missed
 Sep. 30 2022      1.90           1.80           Missed
 Jun. 30 2022      1.40           2.22           Beat
 Mar. 31 2022      0.66           0.54           Missed