AdvanSix (ASIX) Reports Q4 Loss, Tops Revenue Estimates

Group 1 - AdvanSix reported a quarterly loss of $0.10 per share, better than the Zacks Consensus Estimate of a loss of$ 0.12, compared to earnings of $1.27 per share a year ago, indicating an earnings surprise of 16.67% [1] - The company posted revenues of$ 382.21 million for the quarter ended December 2023, exceeding the Zacks Consensus Estimate by 13.82%, although this represents a decline from year-ago revenues of $404.06 million [1] - Over the last four quarters, AdvanSix has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [1] Group 2 - AdvanSix shares have declined approximately 8.5% since the beginning of the year, contrasting with the S&P 500's gain of 5.5% [2] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [2] - The estimate revisions trend for AdvanSix is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), indicating expected underperformance in the near future [3] Group 3 - The current consensus EPS estimate for the upcoming quarter is -$ 0.14 on revenues of $332.9 million, while for the current fiscal year, the estimate is$ 1.74 on revenues of $1.49 billion [4] - The Chemical - Specialty industry, to which AdvanSix belongs, is currently ranked in the top 42% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [4] - Another company in the same industry, Perimeter Solutions, SA, is expected to report a quarterly loss of$ 0.11 per share, with revenues projected at $45 million, reflecting a 9% increase from the previous year [5]