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

Advanced Drainage Systems

02/11/2023 13:32

* Advanced Drainage Systems Inc  WMS.N  reported quarterly
adjusted earnings of $1.71​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.80.  The mean expectation of
eight analysts for the quarter was for earnings of $1.63 per
share. Wall Street expected results to range from $1.45 
to $1.78 per share.
    * Revenue fell 11.8% to $780.22 million from a year ago;
analysts
expected $775.41 million. 
    * Advanced Drainage Systems Inc's reported EPS for the
quarter was
$1.71​.
    * The company reported quarterly net income of $135.8
million.
    * Advanced Drainage Systems Inc shares had fallen by 5.0%
this
quarter and gained 32.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Advanced
Drainage
Systems Inc is $150.00 

This summary was machine generated from LSEG data November 2 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.63           1.71           Beat
 Jun. 30 2023      1.54           2.18           Beat
 Mar. 31 2023      0.78           1.06           Beat
 Dec. 31 2022      1.16           0.99           Missed