WMS - Advanced Drainage Systems: Interesting But Not Worthy Of Optimism Heading Into Earnings
2024-02-03 02:34:50 ET
Summary
- Advanced Drainage Systems provides water management solutions to the stormwater and wastewater industries.
- The company has experienced weak sales and profits due to lower demand in the US construction and housing markets.
- Analysts are forecasting a modest decline in revenue for the upcoming financial results, but believe profits may rise slightly year over year.
- Even if this comes true, shares are not cheap enough to warrant much enthusiasm, though that might change when earnings are announced.
I have always found myself drawn to interesting companies. But to me, the definition of interesting is probably different than it is for most people. I like companies that have unique business models, especially ones that might not seem all that exciting to most people. As an example, one business that I have a great deal of appreciation for is Advanced Drainage Systems ( WMS ). For those who don't know about the company, it provides innovative water management solutions to customers in the stormwater and on-site septic wastewater industries....
Advanced Drainage Systems: Interesting, But Not Worthy Of Optimism Heading Into Earnings