Materion Corp expected to post earnings of 96 cents a share - Earnings Preview

Materion

29/04/2024 22:51

* Materion Corp  MTRN.N   MTRN.K  is expected to show a fall
in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The Mayfield Heights Ohio-based  company is expected to
report a
12.6% decrease in revenue to $386.84 million from $442.53
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 96 cents 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
$154.00​, above​ its last closing price of $120.72. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  1.40        1.41       1.41      Met     0.3
 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.        1.34        1.34       1.49      Beat    11.4
 31 2022                                                
 Sep. 30 2022  1.39        1.39       1.19      Missed  -14.5​
 Jun. 30 2022  1.17        1.18       1.28      Beat    8.5
 Mar. 31 2022  1.05        1.05       1.08      Beat    3.2
 This summary was machine generated April 29 at 21:51 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)