Ascent Industries (ACNT) Reports Q1 Loss, Tops Revenue Estimates

分组1 - Ascent Industries reported a quarterly loss of $0.41 per share, which was worse than the Zacks Consensus Estimate of a loss of$0.36, but an improvement from a loss of $0.51 per share a year ago [1] - The company's revenues for the quarter ended March 2024 were$44.11 million, exceeding the Zacks Consensus Estimate by 10.83%, but down from $82.45 million year-over-year [1] - Over the last four quarters, Ascent Industries has surpassed consensus EPS estimates only once and has a current Zacks Rank of 5 (Strong Sell) [1][4] 分组2 - The earnings outlook for Ascent Industries is unfavorable, with current consensus EPS estimates of -$0.07 on revenues of$53.8 million for the coming quarter and -$0.14 on revenues of$196.1 million for the current fiscal year [4] - The Manufacturing - General Industrial industry, to which Ascent Industries belongs, is currently in the top 31% of Zacks industries, indicating a relatively strong position [5] - Broadwind Energy, Inc., another company in the same industry, is expected to report a quarterly loss of $0.07 per share, reflecting a year-over-year change of -200% [5][6]