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

Materion

03/05/2023 14:32

* Materion Corp  MTRN.N  reported quarterly adjusted
earnings of
$1.22​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
$1.25 per share.
    * Revenue fell 1.5% to $442.53 million from a year ago;
analysts
expected $446.70 million. 
    * Materion Corp's reported EPS for the quarter was $1.23​.
    * The mean earnings estimate of analysts had fallen by
about 17.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Materion Corp shares had fallen by 7.9% this quarter and
gained 22.1% so far this year.
    * The company reported quarterly net income of $25.59
million.
    * Wall Street's median 12-month price target for Materion
Corp is
$126.00 
    * 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 LSEG Refinitiv data May
3 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.25           1.22           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