Marine Products Corp reports results for the quarter ended in September 30 - Earnings Summary

Marine Products

24/10/2024 17:18

* Marine Products Corp  MPX.N  reported quarterly adjusted
earnings of 10 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 35 cents.  The lone analyst forecast for the
quarter was for earnings of 8 cents per share. 
    * Revenue fell 35.9% to $49.85 million from a year ago;
analysts
expected $50.97 million. 
    * Marine Products Corp's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $3.4 million.
    * Marine Products Corp shares had fallen by 2.6% this
quarter and
lost 12.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 55.4%
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 October 24 at
04:18 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
 Sep. 30 2024      0.08           0.10           Beat
 Jun. 30 2024      0.14           0.14           Met
                                  0.13           
 Dec. 31 2023      0.19           0.16           Missed