Avient (US:AVNT) ZACKS·2025-02-13 13:26Company Performance - Avient reported quarterly earnings of $0.49 per share, exceeding the Zacks Consensus Estimate of $0.48 per share, but down from $0.52 per share a year ago, representing an earnings surprise of 2.08% [1] - The company posted revenues of $746.5 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.63%, compared to year-ago revenues of $719 million [2] - Over the last four quarters, Avient has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Outlook - The immediate price movement of Avient's stock will depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - Avient shares have increased by approximately 2.2% since the beginning of the year, while the S&P 500 has gained 2.9% [3] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.76 on revenues of $850.08 million, and for the current fiscal year, it is $2.87 on revenues of $3.35 billion [7] - The estimate revisions trend for Avient is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Chemical - Diversified industry, to which Avient belongs, is currently in the bottom 12% 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 Avient's stock performance [5]