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

Avient

07/05/2024 14:31

* Avient Corp  AVNT.N  reported quarterly adjusted earnings
of 76
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 63
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 69 cents per share. Wall Street expected
results to range from 67 cents to 72 cents per share.
    * Revenue fell 2% to $829.00 million from a year ago;
analysts
expected $818.43 million. 
    * Avient Corp's reported EPS for the quarter was 54 cents​.
    * The company reported quarterly net income of $49.4
million.
    * Avient Corp shares had risen by 2.4% this quarter and
gained 6.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.7%
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 6 "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
$48.50 
This summary was machine generated from LSEG data May 7 at 01:31
p.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
 Mar. 31 2024      0.69           0.76           Beat
 Dec. 31 2023      0.48           0.52           Beat
 Sep. 30 2023      0.57           0.57           Met
 Jun. 30 2023      0.60           0.63           Beat