Analysts Estimate AdvanSix (ASIX) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - AdvanSix (ASIX) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the earnings report expected on February 16, 2024, potentially impacting stock price based on actual results compared to estimates [1] Financial Performance Expectations - The company is projected to post a quarterly loss of $0.12 per share, reflecting a year-over-year change of -109.5$335.8 million, down 16.9% from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 163.64% lower in the last 30 days, indicating a reassessment by analysts [2] - The Most Accurate Estimate for AdvanSix is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -141.67% [5] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive reading indicates a likely earnings beat, but AdvanSix's negative Earnings ESP makes it difficult to predict a beat [3][4][6] - The stock currently holds a Zacks Rank of 5, which further complicates the prediction of an earnings beat [5][6] Historical Performance - In the last reported quarter, AdvanSix was expected to earn $0.01 per share but instead reported a loss of$0.36, resulting in a surprise of -3,700% [7] - Over the past four quarters, the company has beaten consensus EPS estimates twice [7] Conclusion - AdvanSix does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when evaluating the stock ahead of the earnings release [8]