AdvanSix Q2 EPS $1.25 Beats $1.11 Estimate, Sales $427.94M Beat $418.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
AdvanSix reported Q2 earnings of $1.25 per share, beating the analyst consensus estimate of $1.11 by 12.61%. However, this is a 45.65% decrease from the same period last year. The company also reported quarterly sales of $427.94 million, beating the estimate of $418.67 million by 2.21%, but this is a 26.69% decrease from last year.
August 04, 2023 | 3:00 pm
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NEUTRAL IMPACT
AdvanSix's Q2 earnings and sales beat estimates but are significantly lower than the same period last year.
AdvanSix's earnings and sales beat estimates, which is positive news and could lead to a short-term increase in the stock price. However, the significant decrease from last year's figures could negatively impact investor sentiment and put downward pressure on the stock price. Therefore, the net impact on the stock price in the short term is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100