Avient Corp reports results for the quarter ended in January 1 - Earnings Summary

Avient

01/11/2024 03:01

* Avient Corp  AVNT.N  reported quarterly adjusted earnings
of 65
cents​​ per share for the quarter ended January 1, higher than
the same quarter last year, when the company reported EPS of 57
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 63 cents per share. Wall Street expected
results to range from 62 cents to 64 cents per share.
    * Revenue rose 8.2% to $815.20 million from a year ago;
analysts
expected $797.48 million. 
    * Avient Corp's reported EPS for the quarter was 41 cents​.
    * The company reported quarterly net income of $38.2
million.
    * Avient Corp shares had fallen by 3.6% this quarter and
gained 16.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialty
chemicals
peer group is also "buy"

Wall Street's median 12-month price target for Avient Corp is
55.00 
This summary was machine generated from LSEG data November 1 at
03:01 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.63           0.65           Beat
 Jun. 30 2024      0.72           0.76           Beat
 Mar. 31 2024      0.69           0.76           Beat
 Dec. 31 2023      0.48           0.52           Beat