Materion Corp expected to post earnings of $1.41 a share - Earnings Preview

Materion

13/02/2024 13:32

* Materion Corp  MTRN.N   MTRN.K  is expected to show a fall
in
quarterly revenue when it reports  results on February 15 for
the period ending December 31 2023
    * The Mayfield Heights Ohio-based  company is expected to
report a
3.3% decrease in revenue to $420.36 million from $434.58 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. (TOTAL SALES/REVENUE)
    * ​LSEG's mean analyst estimate for Materion Corp is for
earnings
of $1.41 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
$136.50​, above​ its last closing price of $126.53. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.42        1.42       1.51      Beat    6.6
 Jun. 30 2023  1.36        1.36       1.38      Beat    1.3
 Mar. 31 2023  1.24        1.25       1.34      Beat    7.2​
 Dec. 31 2022  1.34        1.34       1.49      Beat    11.4
 ​​Sep.        1.39        1.39       1.19      Missed  -14.5
 30 2022                                                
 Jun. 30 2022  1.17        1.18       1.28      Beat    8.5​
 Mar. 31 2022  1.05        1.05       1.08      Beat    3.2
 Dec. 31 2021  1.03        1.03       1.03      Met     0
 This summary was machine generated February 13 at 13:32 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)