Marine Products Corp reports results for the quarter ended December 31 - Earnings Summary

Marine Products

30/01/2025 14:32

* Marine Products Corp  MPX.N  reported quarterly adjusted
earnings of 12 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of 16 cents.  The lone analyst forecast for the
quarter was for earnings of 5 cents per share. 
    * Revenue fell 32.5% to $47.82 million from a year ago;
analysts
expected $46.30 million. 
    * Marine Products Corp's reported EPS for the quarter was 12
cents​.
    * The company reported quarterly net income of $4.27
million.
    * Marine Products Corp shares had fallen by 2.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the recreational
products peer group is also "hold"

Wall Street's median 12-month price target for Marine Products
Corp is $8.00 
This summary was machine generated from LSEG data January 30 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.05           0.12           Beat
 Sep. 30 2024      0.08           0.10           Beat
 Jun. 30 2024      0.14           0.14           Met
                                  0.13