AdvanSix (ASIX) Q2 Earnings and Revenues Surpass Estimates

Company Performance - AdvanSix reported quarterly earnings of $1.55 per share, exceeding the Zacks Consensus Estimate of $1.20 per share, and up from $1.25 per share a year ago, representing an earnings surprise of 29.17% [1] - The company posted revenues of $453.48 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 6.25% and increasing from $427.94 million year-over-year [1] - Over the last four quarters, AdvanSix has surpassed consensus EPS estimates two times and revenue estimates two times [1] Future Outlook - The sustainability of AdvanSix's stock price movement will depend on management's commentary during the earnings call and future earnings expectations [2] - The current consensus EPS estimate for the upcoming quarter is $0.49 on revenues of $371.05 million, and for the current fiscal year, it is $1.50 on revenues of $1.56 billion [4] - The estimate revisions trend for AdvanSix is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Chemical - Specialty industry, to which AdvanSix belongs, is currently in the top 33% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, Arcadium, is expected to report quarterly earnings of $0.05 per share, reflecting a year-over-year decline of 90.2%, with revenues projected at $253.63 million, up 7.6% from the previous year [5][6]