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

Mativ Holdings

11/05/2023 05:29

* Mativ Holdings Inc  MATV.N  reported quarterly adjusted
earnings
of 25 cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
26 cents per share.
    * Revenue rose 66.9% to $679.00 million from a year ago;
analysts
expected $639.65 million. 
    * Mativ Holdings Inc's reported EPS for the quarter was a
loss
of 14 cents​.
    * The mean earnings estimate of analysts had fallen by
about 63.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Mativ Holdings Inc shares had fallen by 21.3% this
quarter and
lost 19.1% so far this year.
    * The company reported a quarterly loss of $7.8 million.
    * Wall Street's median 12-month price target for Mativ
Holdings
Inc is $35.00 
    * 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 May
11 at 04:29 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.26           0.25           Missed
 Dec. 31 2022      0.66           0.56           Missed
 Sep. 30 2022      0.81           0.74           Missed