Ascent Industries Co reports results for the quarter ended in December - Earnings Summary

Ascent Industries Co

28/03/2024 22:36

* Ascent Industries Co  ACNT.OQ  reported a quarterly
adjusted
loss of 75 cents​​ per share for the quarter ended in December. 
The lone analyst forecast for the quarter was for a loss of 8
cents per share. 
    * Revenue was $41.22 million​; analysts expected $63.50
million. 
    * Ascent Industries Co shares had risen by 9.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "strong buy"

Wall Street's median 12-month price target for Ascent Industries
Co is $20.00 
This summary was machine generated from LSEG data March 28 at
10:36 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
 Dec. 31 2023      -0.08          -0.75          Missed
 Sep. 30 2023      -0.12          -1.77          Missed
 Jun. 30 2023      -0.39          -1.44          Missed