AdvanSix (ASIX) Q4 Earnings Beat Estimates

Core Viewpoint - AdvanSix reported quarterly earnings of $0.09 per share, significantly beating the Zacks Consensus Estimate of a loss of$0.37 per share, marking an earnings surprise of 124.32% [1] - The company’s revenues for the quarter were $329.06 million, which fell short of the Zacks Consensus Estimate by 12.75$382.21 million year-over-year [2] Financial Performance - AdvanSix has surpassed consensus EPS estimates three times over the last four quarters [2] - The company had an earnings surprise of 33.33% in the previous quarter, with actual earnings of $0.88 per share compared to an expected$0.66 [1][2] - The current consensus EPS estimate for the upcoming quarter is $0.89, with projected revenues of$391 million, and for the current fiscal year, the estimate is $4.21 on$1.69 billion in revenues [7] Market Performance - AdvanSix shares have increased by approximately 2.9% since the beginning of the year, while the S&P 500 has gained 4% [3] - The stock currently holds a Zacks Rank of 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Chemical - Specialty industry, to which AdvanSix belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact AdvanSix's stock performance [5]