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

Mattr

15/05/2024 24:28

* Mattr Corp  MATR.TO  reported quarterly adjusted earnings
of 16
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 36
cents.  The mean expectation of six analysts for the quarter was
for earnings of 13 cents per share. Wall Street expected
results to range from 2 cents to 20 cents per share.
    * Revenue fell 38.4% to C$224.46 million from a year ago;
analysts
expected $216.64 million. 
    * Mattr Corp's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $5.59 million.
    * Mattr Corp shares had fallen by 9.1% this quarter and
gained 6.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 31.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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$22.38 
This summary was machine generated from LSEG data May 14 at
11:28 p.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
 Mar. 31 2024      0.13           0.16           Beat
 Dec. 31 2023      0.66           -0.34          Missed
 Sep. 30 2023      0.82           1.03           Beat
 Jun. 30 2023      0.27           0.19           Missed