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

Advanced Drainage Systems

19/05/2022 14:32

* Advanced Drainage Systems Inc  WMS.N  reported quarterly
adjusted earnings of 54 cents​​ per share for the quarter ended
in March. The mean expectation of five analysts for the quarter
was for earnings of 66 cents per share.
    * Revenue rose 52.8% to $678.19 million from a year ago; 
analysts
expected $619.43 million. 
    * Advanced Drainage Systems Inc's reported EPS for the
quarter was
54 cents​.
    * The mean earnings estimate of analysts had risen by
about 3.1%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Advanced Drainage Systems Inc shares had fallen by 16.4%
this
quarter and lost 27.1% so far this year.
    * The company reported quarterly net income of $39.72
million.
    * Wall Street's median 12-month price target for Advanced
Drainage
Systems Inc is $158.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 19 at 01:32 p.m.  ​All
figures in US dollars unless otherwise stated