Recap: Advanced Drainage Systems Q3 Earnings

Advanced Drainage Systems WMS reported its Q3 earnings results on Thursday, February 3, 2022 at 06:40 AM.

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

Advanced Drainage Systems missed estimated earnings by 5.49%, reporting an EPS of $0.86 versus an estimate of $0.91, which did not surprise analysts.

Revenue was up $229.21 million from the same period last year.

Last quarter the company missed on EPS by $0.25, which was followed by a 2.6% increase in the share price the next day.

Here's a look at Advanced Drainage Systems's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	1.13	1.26	0.32	0.47
EPS Actual	0.88	0.87	0.23	0.62
Revenue Estimate	710.26M	624.84M	402.37M	407.90M
Revenue Actual	706.47M	669.30M	443.81M	486.14M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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