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

Materion

15/02/2024 14:31

* Materion Corp  MTRN.N  reported quarterly adjusted
earnings of
$1.41​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.49.  The mean expectation of five analysts for the quarter
was for earnings of $1.41 per share. Wall Street expected
results to range from $1.37  to $1.47 per share.
    * Revenue fell 3.1% to $421.04 million from a year ago;
analysts
expected $420.36 million. 
    * Materion Corp's reported EPS for the quarter was 93
cents​.
    * The company reported quarterly net income of $19.5
million.
    * Materion Corp shares had fallen by 4.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.9%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialty
mining &
metals peer group is also "buy"

Wall Street's median 12-month price target for Materion Corp is
$136.50 
This summary was machine generated from LSEG data February 15 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.41           1.41           Met
 Sep. 30 2023      1.42           1.51           Beat
 Jun. 30 2023      1.36           1.38           Beat
 Mar. 31 2023      1.25           1.34           Beat