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

Materion

02/05/2024 01:07

* Materion Corp  MTRN.N  reported quarterly adjusted
earnings of
96 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of
$1.34.  The mean expectation of five analysts for the quarter
was for earnings of 96 cents per share. Wall Street expected
results to range from 85 cents to $1.08 per share.
    * Revenue fell 12.9% to $385.29 million from a year ago;
analysts
expected $386.84 million. 
    * Materion Corp's reported EPS for the quarter was 64
cents​.
    * The company reported quarterly net income of $13.41
million.
    * Materion Corp shares had fallen by 12.8% this quarter and
lost 11.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 30.7%
in the last three months.​ 
    * In the last 30 days, two 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 diversified
mining
peer group is also "buy"

Wall Street's median 12-month price target for Materion Corp is
$154.00 
This summary was machine generated from LSEG data May 2 at 12:07
a.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
 Mar. 31 2024      0.96           0.96           Met
 Dec. 31 2023      1.41           1.41           Met
 Sep. 30 2023      1.42           1.51           Beat
 Jun. 30 2023      1.36           1.38           Beat