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

Mercer International

03/08/2023 23:24

* Mercer International Inc  MERC.OQ  reported a quarterly
adjusted
loss of $1.48​​ per share for the quarter ended in June. The
mean expectation of five analysts for the quarter was for a loss
of 66 cents per share.
    * Revenue fell 7.4% to $529.86 million from a year ago;
analysts
expected $435.77 million. 
    * Mercer International Inc's reported EPS for the quarter
was a
loss of $1.48​.
    * The mean earnings estimate of analysts had fallen by
about 935.4% in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Mercer International Inc shares had risen by 6.2% this
quarter and lost 26.4% so far this year.
    * The company reported a quarterly loss of $98.31 million.
    * Wall Street's median 12-month price target for Mercer
International Inc is $9.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 10:24 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.66          -1.48          Missed
 Mar. 31 2023      0.17           -0.46          Missed
 Dec. 31 2022      0.48           0.30           Missed
 Sep. 30 2022      0.87           1.00           Beat