Materion Corp reports results for the quarter ended in September 30 - Earnings Summary

Materion

30/10/2024 15:19

* Materion Corp  MTRN.N  reported quarterly adjusted
earnings of
$1.41​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.51.  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 $1.44 per share.
    * Revenue rose 8.3% to $436.72 million from a year ago;
analysts
expected $416.40 million. 
    * Materion Corp's reported EPS for the quarter was $1.07​.
    * The company reported quarterly net income of $22.3
million.
    * Materion Corp shares had fallen by 4.7% this quarter and
lost 18.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.1%
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 diversified
mining
peer group is also "buy"

Wall Street's median 12-month price target for Materion Corp is
137.50 
This summary was machine generated from LSEG data October 30 at
03:18 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
 Sep. 30 2024      1.41           1.41           Met
 Jun. 30 2024                     1.42           
 Mar. 31 2024      0.96           0.96           Met
 Dec. 31 2023      1.41           1.41           Met