Short answer:âŻThe pressârelease youâve provided tells us that AdvancedâŻDrainageâŻSystems (ADS) reported a netâincomeâperâdilutedâshare decline of $0.22 for the quarter (i.e., the perâshare figure fell by $0.22 versus the priorâyear quarter). However, the release does not disclose what analysts had forecast for that metric, so we cannot directly say whether the actual result was above, below, or in line with consensus expectations based solely on the information youâve supplied.
Why the comparison canât be made from the given news
| Piece of information that is present in the release | Piece of information that is missing |
|---|---|
| Net sales: $829.9âŻmillion (upâŻ1.8% YoY) | Analyst consensus EPS (e.g., $X.xx) |
| Net income: $144.1âŻmillion (downâŻ11.2% YoY) | Analyst range (high/low) |
| Netâincomeâperâdilutedâshare change: â$0.22 (decline) | Priorâperiod EPS (to compute current EPS) |
| Company name, ticker, date, etc. | Exact EPS figure (e.g., $1.23 per share) |
| Overall earnings guidance (none given) | Analyst source (e.g., Bloomberg, FactSet, Refinitiv) |
Because the pressârelease does not:
- State the actual perâshare netâincome number (e.g., $1.15 per diluted share), only the change relative to the prior year, and
- Provide any analyst consensus or estimate,
we have no basis for a direct comparison.
What you would need to answer the question definitively
- The actual EPS number (not just the change).
- Example: If the priorâyear EPS was $1.45, a $0.22 drop would imply $1.23 per share for the quarter.
- Example: If the priorâyear EPS was $1.45, a $0.22 drop would imply $1.23 per share for the quarter.
- Analyst consensus EPS (or a range) from a reputable source (e.g., Bloomberg, FactSet, S&P Global Market Intelligence, Thomson Reuters, or the companyâs own guidance).
- Example: Consensus EPS = $1.30 per share.
- Example: Consensus EPS = $1.30 per share.
With those two data points you could state:
- âThe company reported $1.23 per diluted share, which is $0.07 below (or $0.07 above) the consensus estimate of $1.30 per share, representing a X% beat/miss.â
How to locate the missing analyst data
| Source | Typical Access Method | What Youâll Find |
|---|---|---|
| FactSet/ Bloomberg / Refinitiv | Subscription; search âWMSâ â earnings â âConsensus EPSâ | Consensus EPS, high/low estimates, analyst count |
| Zacks, TipRanks, MarketWatch, Seeking Alpha | Free/paid summary pages for âAdvanced Drainage Systemsâ | Consensus EPS and price target |
| Companyâs Investor Presentation / Earnings Call Transcript | Usually posted on the companyâs IR site | Management often cites consensus expectations |
| Brokerâdeposited research (e.g., Citi, BofA, Morgan Stanley) | Usually in the earnings call slide deck | Managementâs view of expectations and commentary |
How to interpret the comparison once you have the numbers
- If actual EPS > consensus EPS â The company beat expectations. The size of the beat can be expressed in dollars (e.g., +$0.05) and as a percentage of the consensus (e.g., 4% beat).
- If actual EPS < consensus EPS â The company missed expectations. Again, the magnitude and percent deviation are useful.
- If the difference is within the typical âerror bandâ (often ±5â10%) analysts may view it as inâline or meeting expectations, even if the raw number is slightly off.
Bottom line
- Current net income per diluted share: down $0.22 versus the previous year (exact perâshare figure not given).
- Analyst expectations: not disclosed in the release.
To answer the question precisely, youâll need to locate the analyst consensus EPS from a financial data provider or the companyâs earnings release/ transcript that references analystsâ expectations. Once you have that figure, you can directly compare the reported EPS to the consensus and determine whether ADS âbeat,â âmissed,â or âmetâ expectations. If you retrieve the consensus number, feel free to share it here, and I can calculate the precise comparison for you.