Materion Corp reports results for the quarter ended in December - Earnings Summary

Materion

16/02/2023 14:30

* Materion Corp  MTRN.N  reported quarterly adjusted
earnings of
$1.49​​ per share for the quarter ended in December. The mean
expectation of four analysts for the quarter was for earnings of
$1.34 per share.
    * Revenue rose 9.4% to $434.58 million from a year ago;
analysts
expected $444.75 million. 
    * Materion Corp's reported EPS for the quarter was $1.38​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Materion Corp shares had risen by 1.3% this quarter.
    * The company reported quarterly net income of $28.76
million.
    * Wall Street's median 12-month price target for Materion
Corp is
$95.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
16 at 02:30 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.34           1.49           Beat
 Sep. 30 2022      1.39           1.19           Missed
 Jun. 30 2022      1.18           1.28           Beat
 Mar. 31 2022      1.05           1.08           Beat