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

Avient

27/07/2023 16:03

* Avient Corp  AVNT.N  reported quarterly adjusted earnings
of 63
cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 60 cents per share.
    * Revenue fell 36.7% to $824.40 million from a year ago;
analysts
expected $842.97 million. 
    * Avient Corp's reported EPS for the quarter was 24 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Avient Corp shares had risen by 2.3% this quarter and
gained 24.0% so far this year.
    * The company reported quarterly net income of $22.1
million.
    * Wall Street's median 12-month price target for Avient Corp
is
$46.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
27 at 03:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.60           0.63           Beat
 Mar. 31 2023      0.55           0.63           Beat
 Dec. 31 2022      0.25           0.39           Beat
 Sep. 30 2022      0.61           0.59           Missed