Avient Corp expected to post earnings of 69 cents a share - Earnings Preview
03/05/2024 14:27
* Avient Corp AVNT.N AVNT.K is expected to show a fall
in
quarterly revenue when it reports results on May 7 for the
period ending March 31 2024
* The Avon Lake Ohio-based company is expected to report a
3.2% decrease in revenue to $818.433 million from $845.7 million
a year ago, according to the mean estimate from 6 analysts,
based on LSEG data.
* LSEG's mean analyst estimate for Avient Corp is for
earnings of
69 cents per share. The company's EPS guidance on February 14
2024, for the period ended March 31, was about USD0.68
* 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
$48.50, above its last closing price of $43.94.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 0.48 0.48 0.52 Beat 9.5
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. 0.28 0.25 0.39 Beat 59.1
31 2022
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
This summary was machine generated May 3 at 13:27 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)