Avient Corp reports results for the quarter ended in December - Earnings Summary

Avient

15/02/2023 14:31

* Avient Corp  AVNT.N  reported quarterly adjusted earnings
of 39
cents​​ per share for the quarter ended in December. The mean
expectation of ten analysts for the quarter was for earnings of
25 cents per share.
    * Revenue fell 34.2% to $790.40 million from a year ago;
analysts
expected $761.90 million. 
    * Avient Corp's reported EPS for the quarter was a loss
of 19
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.5%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Avient Corp shares had risen by 14.5% this quarter.
    * The company reported a quarterly loss of $17 million.
    * Wall Street's median 12-month price target for Avient Corp
is
$41.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
15 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.25           0.39           Beat
 Sep. 30 2022      0.61           0.59           Missed
 Jun. 30 2022      0.92           0.97           Beat
 Mar. 31 2022      0.95           0.99           Beat