AdvanSix Q1 2024 Adj EPS $(0.56) Misses $(0.54) Estimate, Sales $336.829M Miss $344.633M Estimate
Portfolio Pulse from Benzinga Newsdesk
AdvanSix reported Q1 2024 adjusted EPS of $(0.56), missing the $(0.54) estimate, with sales of $336.829M also missing the $344.633M estimate. This represents a 15.91% decrease in sales compared to the same period last year.
May 03, 2024 | 10:32 am
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NEGATIVE IMPACT
AdvanSix reported a Q1 2024 adjusted EPS of $(0.56), missing estimates, and sales of $336.829M, also below expectations. Sales decreased by 15.91% compared to last year.
Missing both EPS and sales estimates, especially with a significant year-over-year sales decrease, is likely to negatively impact investor sentiment and the stock price of AdvanSix in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100