Mattr Corp reports results for the quarter ended in June - Earnings Summary

Mattr

09/08/2024 01:19

* Mattr Corp  MATR.TO  reported quarterly adjusted earnings
of 3
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 19
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 31 cents per share. Wall Street expected
results to range from 28 cents to 38 cents per share.
    * Revenue fell 36.6% to $253.86 million from a year ago;
analysts
expected $256.83 million. 
    * Mattr Corp's reported EPS for the quarter was 3 cents​.
    * The company reported quarterly net income of C$2.09
million.
    * Mattr Corp shares had fallen by 1.1% this quarter and
gained 9.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Mattr Corp is
C$23.13 
This summary was machine generated from LSEG data August 9 at
12:19 a.m. UTC. ​All figures in Canadian 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
 Jun. 30 2024      0.31           0.03           Missed
 Mar. 31 2024      0.14           0.16           Beat
 Dec. 31 2023      0.66           -0.34          Missed
 Sep. 30 2023      0.82           1.03           Beat