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

Mativ Holdings

09/08/2023 23:22

* Mativ Holdings Inc  MATV.N  reported quarterly adjusted
earnings
of 51 cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
38 cents per share.
    * Revenue rose 56.7% to $668.30 million from a year ago;
analysts
expected $678.50 million. 
    * Mativ Holdings Inc's reported EPS for the quarter was a
loss
of 8 cents​.
    * The mean earnings estimate of analysts had fallen by
about 35.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Mativ Holdings Inc shares had risen by 16.2% this
quarter and
lost 15.9% so far this year.
    * The company reported a quarterly loss of $4.6 million.
    * Wall Street's median 12-month price target for Mativ
Holdings
Inc is $27.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 10:22 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.38           0.51           Beat
 Mar. 31 2023      0.26           0.25           Missed
 Dec. 31 2022      0.66           0.56           Missed
 Sep. 30 2022      0.81           0.74           Missed