Mativ Holdings Inc reports results for the quarter ended in December - Earnings Summary

Mativ Holdings

22/02/2023 23:36

* Mativ Holdings Inc  MATV.N  reported quarterly adjusted
earnings
of 56 cents​​ per share for the quarter ended in December. The
mean expectation of two analysts for the quarter was
for earnings of 66 cents per share.
    * Revenue rose 69.1% to $660.10 million from a year ago;
analysts
expected $676.00 million. 
    * Mativ Holdings Inc's reported EPS for the quarter was 4
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.9%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Mativ Holdings Inc shares had risen by 22.3% this quarter.
    * The company reported quarterly net income of $2.3 million.
    * Wall Street's median 12-month price target for Mativ
Holdings
Inc is $36.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
22 at 11:36 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.66           0.56           Missed
 Sep. 30 2022      0.81           0.74           Missed
 Mar. 31 2022      0.66           0.61           Missed