Avient Corp expected to post earnings of 60  cents a share - Earnings Preview

Avient

25/07/2023 19:34

* Avient Corp  AVNT.N   AVNT.K  is expected to show a fall
in
quarterly revenue when it reports  results on July 27. 
    * The Avon Lake Ohio-based  company is expected to report  a
35.3% decrease in revenue to $842.967 million from $1.3 billion
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. The company's guidance on May 3 2023,
for the period ended June 30, was for revenue of $845.000
million.
    * ​Refinitiv's mean analyst estimate for Avient Corp is for
earnings of 60 cents per share. The company's EPS guidance on
May 3 2023, for the period ended June 30, was about USD0.6
    * 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."  
    * 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
$46​, above​ its last closing price of $40.88. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.55        0.55       0.63      Beat    14.3
 Dec. 31 2023  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.        0.95        0.95       0.99      Beat    4.2
 31 2022                                                
 Dec. 31 2021  0.55        0.55       0.58      Beat    5.1​
 Sep. 30 2021  0.68        0.68       0.70      Beat    2.5
 Jun. 30 2021  0.81        0.81       0.87      Beat    7.5
 This summary was machine generated July 25 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated