Uncovering Potential: Advanced Drainage Systems's Earnings Preview

Advanced Drainage Systems (NYSE:WMS) is gearing up to announce its quarterly earnings on Friday, 2024-11-08. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Advanced Drainage Systems will report an earnings per share (EPS) of $1.89.

Advanced Drainage Systems bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings Track Record

During the last quarter, the company reported an EPS missed by $0.01, leading to a 3.0% drop in the share price on the subsequent day.

Here's a look at Advanced Drainage Systems's past performance and the resulting price change:

Quarter

Q1 2025

Q4 2024

Q3 2024

Q2 2024

EPS Estimate

2.07

1.01

1.02

1.64

EPS Actual

2.06

1.23

1.37

1.71

Price Change %

-3.0%

1.0%

3.0%

5.0%

Performance of Advanced Drainage Systems Shares

Shares of Advanced Drainage Systems were trading at $163.52 as of November 06. Over the last 52-week period, shares are up 42.82%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Opinions on Advanced Drainage Systems

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Advanced Drainage Systems.

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