AdvanSix: Q3 Earnings Insights

AdvanSix ASIX reported its Q3 earnings results on Friday, October 29, 2021 at 06:30 AM.

Here's what investors need to know about the announcement.

AdvanSix beat their estimated earnings by 20.47%, reporting an EPS of $1.53 versus an estimate of $1.27, which surprised analysts.

Revenue was up $164,585,000 from the same period last year.

Last quarter the company beat on EPS by $0.64, which was followed by a 2.14% increase in the share price the next day.

Here's a look at AdvanSix's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	0.89	0.71	0.49	-0.05
EPS Actual	1.53	0.98	0.94	-0.02
Revenue Estimate	408.55M	352.55M	292.00M	266.77M
Revenue Actual	437.68M	376.38M	340.27M	281.91M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

AdvanSix management provided guidance for their next quarter, expecting earnings between $1.23 and $1.36 per share for the nextquarter.

This represents a -15.36% in quarter-over-quarter growth for AdvanSix, a bearish signal to many investors.

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