American Vanguard Corp reports results for the quarter ended in June - Earnings Summary

American Vanguard

09/08/2024 24:29

* American Vanguard Corp  AVD.N  reported a quarterly
adjusted
loss of 42 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -4 cents.  The mean expectation of two analysts for the
quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -8 cents to -1 cents per share.
    * Revenue fell 3.4% to $128.21 million from a year ago;
analysts
expected $133.60 million. 
    * American Vanguard Corp's reported EPS for the quarter was
a loss
of 42 cents​.
    * The company reported a quarterly loss of $11.72 million.
    * American Vanguard Corp shares had fallen by 8.5% this
quarter and lost 28.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 137.5% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the agricultural
chemicals peer group is also "buy"

Wall Street's median 12-month price target for American Vanguard
Corp is $15.00 
This summary was machine generated from LSEG data August 8 at
11:29 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.04          -0.42          Missed
 Mar. 31 2024      0.13           0.06           Missed
 Dec. 31 2023      0.27           0.24           Missed
 Sep. 30 2023      0.12           -0.01          Missed