Earnings Preview: AdvanSix
Portfolio Pulse from Benzinga Insights
AdvanSix (NYSE:ASIX) is scheduled to release its quarterly earnings report on February 16, 2024, with analysts expecting an EPS of $-0.21. The company's past earnings performance shows mixed results, with a notable miss last quarter leading to a 0.0% change in share price the following day. Over the last year, ASIX shares have declined by 36.34%, indicating potential concern among long-term shareholders ahead of this earnings release.
February 15, 2024 | 3:00 pm
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NEUTRAL IMPACT
AdvanSix is expected to report an EPS of $-0.21 for the quarter. Historical performance shows mixed results, with a significant share price decline over the past year.
Given the expected EPS and historical performance, the short-term impact on ASIX's stock price could be neutral. Investors may focus more on future guidance than past performance. The significant yearly decline suggests that unless the earnings report and guidance strongly beat expectations, major positive movement is unlikely.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100