Core Viewpoint - Analysts project that Advanced Drainage Systems (WMS) will report quarterly earnings of $1.11 per share, reflecting a year-over-year increase of 1.8%, while revenues are expected to decline by 0.6% to $686.55 million [1] Earnings Projections - The consensus EPS estimate for the quarter has been revised upward by 0.7% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Key Metrics Forecast - Analysts estimate 'Adjusted Gross Profit- Pipe' at $96.85 million, up from $90.90 million in the same quarter last year [5] - The forecast for 'Adjusted Gross Profit- International' is $11.40 million, down from $12.07 million year-over-year [5] - 'Adjusted Gross Profit- Allied Products & Other' is expected to be $94.15 million, compared to $92.94 million in the previous year [6] - 'Adjusted Gross Profit- Infiltrator' is projected at $80.65 million, an increase from $78.29 million in the same quarter last year [6] Stock Performance - Shares of Advanced Drainage have returned +4.6% over the past month, outperforming the Zacks S&P 500 composite, which saw a +0.9% change [6] - With a Zacks Rank 3 (Hold), WMS is anticipated to reflect overall market performance in the near future [6]