AdvanSix (ASIX) Q3 Earnings and Revenues Surpass Estimates

Group 1 - AdvanSix reported quarterly earnings of $0.88 per share, exceeding the Zacks Consensus Estimate of$ 0.66 per share, and showing a significant improvement from a loss of $0.36 per share a year ago, resulting in an earnings surprise of 33.33% [1] - The company achieved revenues of$ 398.19 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 11.33% and increasing from $322.91 million in the same quarter last year [2] - Over the last four quarters, AdvanSix has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Group 2 - The stock has underperformed the market, losing about 5.3% since the beginning of the year, while the S&P 500 has gained 19.6% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is$ 0.26 on revenues of $388.8 million, and for the current fiscal year, it is$ 1.91 on revenues of $1.56 billion [7] Group 3 - The Zacks Industry Rank indicates that the Chemical - Specialty industry is currently in the bottom 41% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - AdvanSix has a Zacks Rank of 2 (Buy), indicating expectations for the stock to outperform the market in the near future based on favorable estimate revisions [6]