Advanced Drainage Systems (WMS) Misses Q3 Earnings Estimates

Core Viewpoint - Advanced Drainage Systems reported quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.17 per share, and down from $1.37 per share a year ago [1][2] Financial Performance - The company posted revenues of $690.54 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.40%, compared to $662.37 million in the same quarter last year [3] - The earnings surprise for the quarter was -6.84%, and the company has surpassed consensus EPS estimates two times over the last four quarters [2][3] Stock Performance - Advanced Drainage shares have increased by approximately 0.4% since the beginning of the year, while the S&P 500 has gained 3.1% [4] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.16 on revenues of $675 million, and for the current fiscal year, it is $6.12 on revenues of $2.96 billion [8] - The estimate revisions trend for Advanced Drainage is mixed, which could change following the recent earnings report [7] Industry Context - The Building Products - Miscellaneous industry, to which Advanced Drainage belongs, is currently in the top 34% of over 250 Zacks industries, indicating a favorable outlook [9]