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

Advanced Drainage Systems

18/05/2023 23:19

* Advanced Drainage Systems Inc  WMS.N  reported quarterly
adjusted earnings of $1.06​​ per share for the quarter ended in
March. The mean expectation of seven analysts for the quarter
was for earnings of 77 cents per share.
    * Revenue fell 8.9% to $617.56 million from a year ago;
analysts
expected $562.75 million. 
    * Advanced Drainage Systems Inc's reported EPS for the
quarter was
$1.06​.
    * The mean earnings estimate of analysts had fallen by
about 3.9%
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 5.3%
this
quarter and gained 8.2% so far this year.
    * The company reported quarterly net income of $85.89
million.
    * Wall Street's median 12-month price target for Advanced
Drainage
Systems Inc is $115.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
18 at 10:19 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.77           1.06           Beat
 Dec. 31 2022      1.16           0.99           Missed
 Sep. 30 2022      1.90           1.80           Missed
 Jun. 30 2022      1.40           2.22           Beat