Avient Q3 Adj EPS $0.57 Beats $0.56 Estimate, Sales $753.70M Miss $788.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Avient (NYSE:AVNT) reported Q3 adjusted earnings of $0.57 per share, beating the analyst consensus estimate of $0.56 by 1.79%. However, this is a 3.39% decrease from the same period last year. The company's quarterly sales were $753.70 million, missing the analyst consensus estimate of $788.58 million by 4.42%, and marking an 8.45% decrease from the same period last year.
November 02, 2023 | 10:08 am
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NEGATIVE IMPACT
Avient's Q3 earnings beat estimates but sales missed, and both earnings and sales decreased compared to the same period last year.
Avient's earnings beat estimates, which is positive. However, the company's sales missed estimates and both earnings and sales decreased compared to the same period last year, which is negative. The negative factors may outweigh the positive, potentially leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100