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

Avient

02/11/2023 13:31

* Avient Corp  AVNT.N  reported quarterly adjusted earnings
of 57
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 59
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 56 cents per share. Wall Street expected
results to range from 55 cents to 60 cents per share.
    * Revenue fell 8.5% to $753.70 million from a year ago;
analysts
expected $787.68 million. 
    * Avient Corp's reported EPS for the quarter was 6 cents​.
    * The company reported quarterly net income of $5.1 million.
    * Avient Corp shares had fallen by 11.0% this quarter and
lost 6.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * 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
$47.00 
This summary was machine generated from LSEG data November 2 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.57           0.57           Met
 Jun. 30 2023      0.60           0.63           Beat
 Mar. 31 2023      0.55           0.63           Beat
 Dec. 31 2022      0.25           0.39           Beat