American Vanguard (AVD) Reports Q3 Loss, Misses Revenue Estimates

Core Viewpoint - American Vanguard (AVD) reported a quarterly loss of $0.69 per share, significantly worse than the Zacks Consensus Estimate of a loss of$0.10, marking an earnings surprise of -590% [1] - The company's revenues for the quarter were $118.31 million, missing the Zacks Consensus Estimate by 14.52$149.52 million a year ago [2] Financial Performance - Over the last four quarters, American Vanguard has only surpassed consensus EPS estimates once [2] - The company has not beaten consensus revenue estimates in the last four quarters [2] - Year-to-date, American Vanguard shares have declined by approximately 47.4%, contrasting with the S&P 500's gain of 25.7% [3] Future Outlook - The company's earnings outlook will be crucial for investors, particularly in light of management's commentary during the earnings call [4] - Current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of$169.1 million, while for the current fiscal year, the estimate is -$0.34 on revenues of$570.9 million [7] Industry Context - The Chemical - Specialty industry, to which American Vanguard belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact American Vanguard's stock performance [5][6]