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

Marine Products

25/01/2024 14:32

* Marine Products Corp  MPX.N  reported quarterly adjusted
earnings of 16 cents​​ per share for the quarter ended in
December.  The lone analyst forecast for the quarter was
for earnings of 19 cents per share. 
    * Revenue was $70.87 million​; analysts expected $54.78
million. 
    * Marine Products Corp's reported EPS for the quarter was 16
cents​.
    * The company reported quarterly net income of $5.42
million.
    * Marine Products Corp shares had fallen by 3.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 41.2%
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 $11.00 
This summary was machine generated from LSEG data January 25 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 2023      0.19           0.16           Missed
 Sep. 30 2023      0.36           0.35           Missed