Avient Corp expected to post earnings of 55  cents a share - Earnings Preview

Avient

01/05/2023 17:39

* Avient Corp  AVNT.N   AVNT.K  is expected to show a fall
in
quarterly revenue when it reports  results on May 3. 
    * The Avon Lake Ohio-based  company is expected to report  a
35.0% decrease in revenue to $841.386 million from $1.29 billion
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. The company's guidance on February 15
2023, for the period ended March 31, was for revenue of $845.000
million.
    * ​Refinitiv's mean analyst estimate for Avient Corp is for
earnings of 55 cents per share. The company's EPS guidance on
February 15 2023, for the period ended March 31, was about
USD0.55
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"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
$49​, above​ its last closing price of $38.51. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.28        0.25       0.39      Beat    59.1
 Sep. 30 2022  0.66        0.61       0.59      Missed  -3.6
 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.        0.55        0.55       0.58      Beat    5.1
 31 2021                                                
 Sep. 30 2021  0.68        0.68       0.70      Beat    2.5​
 Jun. 30 2021  0.81        0.81       0.87      Beat    7.5
 Mar. 31 2021  0.72        0.72       0.89      Beat    23.5
 This summary was machine generated May 1 at 16:39 GMT.  All
figures in US dollars  unless otherwise stated