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

Avient

02/11/2022 13:33

* Avient Corp  AVNT.N  reported quarterly adjusted earnings
of 59
cents​​ per share for the quarter ended in September. The mean
expectation of ten analysts for the quarter was for earnings of
61 cents per share.
    * Revenue fell 32.5% to $823.30 million from a year ago;
analysts
expected $845.73 million. 
    * Avient Corp's reported EPS for the quarter was a loss
of 30
cents​.
    * The mean earnings estimate of analysts had fallen by
about 23.8%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Avient Corp shares had risen by 15.5% this quarter and
lost 37.5% so far this year.
    * The company reported a quarterly loss of $27.4 million.
    * Wall Street's median 12-month price target for Avient Corp
is
$42.00 
    * 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 November
2 at 01:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.61           0.59           Missed
 Jun. 30 2022      0.92           0.97           Beat
 Mar. 31 2022      0.95           0.99           Beat
 Dec. 31 2021      0.55           0.58           Beat