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

Materion

02/11/2022 13:33

* Materion Corp  MTRN.N  reported quarterly adjusted
earnings of
$1.19​​ per share for the quarter ended in September. The mean
expectation of four analysts for the quarter was for earnings of
$1.39 per share.
    * Revenue rose 10.4% to $428.19 million from a year ago;
analysts
expected $452.33 million. 
    * Materion Corp's reported EPS for the quarter was 96
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Materion Corp shares had risen by 7.4% this quarter and
lost 6.6% so far this year.
    * The company reported quarterly net income of $19.95
million.
    * Wall Street's median 12-month price target for Materion
Corp is
$98.00 
    * 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 November
2 at 01:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.39           1.19           Missed
 Jun. 30 2022      1.18           1.28           Beat
 Mar. 31 2022      1.05           1.08           Beat
 Dec. 31 2021      1.03           1.03           Met