Avient Corporation Sees Q1 Adjusted EPS $0.68 Vs. $0.59 Estimate; For FY24 Company Projects Adjusted EPS Of $2.40-$2.65 Vs. $2.53 Estimate
Portfolio Pulse from Benzinga Newsdesk
Avient Corporation (AVNT) reported a Q1 adjusted EPS of $0.68, surpassing the $0.59 estimate. For FY24, the company projects an adjusted EPS of $2.40-$2.65, compared to the $2.53 estimate.
February 14, 2024 | 11:23 am
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Avient Corporation reported a higher than expected Q1 adjusted EPS of $0.68 and provided a positive FY24 EPS forecast of $2.40-$2.65, against a $2.53 estimate.
Avient Corporation's reported earnings surpassing estimates and a positive forward-looking EPS projection for FY24 indicate strong financial health and operational efficiency. This typically leads to positive investor sentiment and could result in a short-term uptick in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100