Mercer International Inc reports results for the quarter ended in December - Earnings Summary

Mercer International

15/02/2024 23:17

* Mercer International Inc  MERC.OQ  reported a quarterly
adjusted
loss of $1.31​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of 30 cents.  The mean expectation of four analysts for the
quarter was for a loss of 54 cents per share. Wall Street
expected results to range from -74 cents to -30 cents per share.
    * Revenue fell 19.3% to $470.49 million from a year ago;
analysts
expected $508.50 million. 
    * Mercer International Inc's reported EPS for the quarter
was a
loss of $1.31​.
    * The company reported a quarterly loss of $87.22 million.
    * Mercer International Inc shares had fallen by 19.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the paper
products peer
group is also "hold"

Wall Street's median 12-month price target for Mercer
International Inc is $9.00 
This summary was machine generated from LSEG data February 15 at
11:16 p.m. UTC. ​All figures in US 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
 Dec. 31 2023      -0.54          -1.31          Missed
 Sep. 30 2023      -0.76          -0.39          Beat
 Jun. 30 2023      -0.66          -1.48          Missed
 Mar. 31 2023      0.17           -0.46          Missed