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

Avient

03/05/2023 21:55

* Avient Corp  AVNT.N  reported quarterly adjusted earnings
of 63
cents​​ per share for the quarter ended in March. The mean
expectation of nine analysts for the quarter was for earnings of
55 cents per share.
    * Revenue fell 34.6% to $845.70 million from a year ago;
analysts
expected $841.39 million. 
    * Avient Corp's reported EPS for the quarter was 22 cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Avient Corp shares had fallen by 7.3% this quarter and
gained 13.0% so far this year.
    * The company reported quarterly net income of $19.9
million.
    * Wall Street's median 12-month price target for Avient Corp
is
$49.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 08:54 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.55           0.63           Beat
 Dec. 31 2022      0.25           0.39           Beat
 Sep. 30 2022      0.61           0.59           Missed
 Jun. 30 2022      0.92           0.97           Beat