Materion Corp expected to post earnings of $1.39 a share - Earnings Preview

Materion

03/08/2024 01:27

* Materion Corp  MTRN.N   MTRN.K  is expected to show a rise
in
quarterly revenue when it reports  results on August 5 for the
period ending June 30 2024
    * The Mayfield Heights Ohio-based  company is expected to
report a
6.4% increase in revenue to $424.02 million from $398.55 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Materion Corp is for
earnings
of $1.39 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Materion
Corp is
$151.00​, above​ its last closing price of $107.48. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.97        0.96       0.96      Met     0.2
 Jan. 1 0001   1.40        1.41       1.41      Met     0.3
 Jan. 1 0001   1.42        1.42       1.51      Beat    6.6​
 Jan. 1 0001   1.36        1.36       1.38      Beat    1.3
 ​​Jan.        1.24        1.25       1.34      Beat    7.2
 1 0001                                                 
 Dec. 31 2022  1.34        1.34       1.49      Beat    11.4​
 Jan. 1 0001   1.39        1.39       1.19      Missed  -14.5
 Jun. 30 2022  1.17        1.18       1.28      Beat    8.5
 This summary was machine generated August 3 at 00:27 GMT.  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)