Advanced Drainage Systems Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Advanced Drainage Systems (NYSE:WMS) reported Q4 earnings of $86.31 million, a 3.76% increase from Q3, while sales decreased by 5.74% to $617.56 million. The company posted a return on capital employed (ROCE) of 0.09%, indicating effective capital allocation. Q4 earnings per share were $1.06, beating analyst predictions of $0.77.
May 19, 2023 | 3:02 pm
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Advanced Drainage Systems reported Q4 earnings of $86.31 million, a 3.76% increase from Q3, and a return on capital employed (ROCE) of 0.09%, indicating effective capital allocation. Q4 earnings per share were $1.06, beating analyst predictions of $0.77.
Advanced Drainage Systems' Q4 earnings increased by 3.76% and the company posted a positive ROCE of 0.09%, indicating effective capital allocation. This, along with the fact that the company's earnings per share beat analyst predictions, suggests that the stock price is likely to go up in the short term.
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IMPORTANCE 80
RELEVANCE 100