Avient Corp expected to post earnings of 48 cents a share - Earnings Preview
12/02/2024 13:32
* Avient Corp AVNT.N AVNT.K is expected to show a fall
in
quarterly revenue when it reports results on February 14 for
the period ending December 31 2023
* The Avon Lake Ohio-based company is expected to report a
10.2% decrease in revenue to $709.967 million from $790.4
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (SAL represents Total/Operating
revenue)
* LSEG's mean analyst estimate for Avient Corp is for
earnings of
48 cents per share. The company's EPS guidance on November 2
2023, for the period ended December 31, was about USD0.47
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Avient Corp
is
$45.00, above its last closing price of $36.92.
The company's guidance on November 2 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD112 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Sep. 30 2023 0.57 0.57 0.57 Met 0.9
Jun. 30 2023 0.61 0.60 0.63 Beat 4.3
Mar. 31 2023 0.55 0.55 0.63 Beat 14.3
Dec. 31 2022 0.28 0.25 0.39 Beat 59.1
Sep. 0.66 0.61 0.59 Missed -3.6
30 2022
Jun. 30 2022 0.92 0.92 0.97 Beat 5.4
Mar. 31 2022 0.95 0.95 0.99 Beat 4.2
Dec. 31 2021 0.55 0.55 0.58 Beat 5.1
This summary was machine generated February 12 at 13:32 GMT.
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)