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

Marine Products

25/10/2023 14:33

* Marine Products Corp  MPX.N  reported quarterly adjusted
earnings of 35 cents​​ per share for the quarter ended in
September. The lone analyst forecast for the quarter was
for earnings of 36 cents per share.
    * Revenue was $77.79 million​; analysts expected $105.10
million. 
    * Marine Products Corp's reported EPS for the quarter was 30
cents​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Marine Products Corp shares had fallen by 7.5% this
quarter and
gained 11.6% so far this year.
    * The company reported quarterly net income of $10.4
million.
    * Wall Street's median 12-month price target for Marine
Products
Corp is $16.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.36           0.35           Missed