Strength Seen in Avient (AVNT): Can Its 13.7% Jump Turn into More Strength?

Company Overview - Avient (AVNT) shares increased by 13.7% to close at $32.89, following a significant trading volume compared to normal sessions, despite a 28.1% loss over the past four weeks [1] - The upcoming quarterly earnings for Avient are expected to be $0.76 per share, unchanged from the previous year, with revenues projected at $839.69 million, reflecting a 1.3% increase year-over-year [2] Earnings Estimates and Trends - The consensus EPS estimate for Avient has been revised down by 1.2% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] - Empirical research suggests that trends in earnings estimate revisions are closely linked to near-term stock price movements, highlighting the importance of monitoring these changes [3] Industry Context - Avient operates within the Zacks Chemical - Diversified industry, which has seen a broader rise in material stocks due to President Trump's decision to pause reciprocal tariffs for 90 days [1] - Another company in the same industry, Dow Inc. (DOW), experienced a 15.7% increase in its stock price, closing at $29.86, despite a significant 29.6% decline over the past month [4] - Dow Inc.'s consensus EPS estimate has dropped by 32% over the past month to $0.04, representing a 92.9% decrease from the previous year's report, and it currently holds a Zacks Rank of 5 (Strong Sell) [5]