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

Mercer International

08/08/2024 22:01

* Mercer International Inc  MERC.OQ  reported a quarterly
adjusted
loss of $1.01​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of $-1.48.  The mean expectation of three analysts for the
quarter was for a loss of 42 cents per share. Wall Street
expected results to range from -45 cents to -37 cents per share.
    * Revenue fell 5.8% to $499.38 million from a year ago;
analysts
expected $482.50 million. 
    * Mercer International Inc shares had fallen by 23.9% this
quarter and lost 31.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 52.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $10.00 
This summary was machine generated from LSEG data August 8 at
09:01 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
 Jun. 30 2024      -0.42          -1.01          Missed
 Mar. 31 2024      -0.11          -0.25          Missed
 Dec. 31 2023      -0.54          -0.80          Missed
 Sep. 30 2023      -0.76          -0.39          Beat