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

Mercer International

09/05/2024 22:49

* Mercer International Inc  MERC.OQ  reported a quarterly
adjusted
loss of 25 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -46 cents.  The mean expectation of
three analysts for the quarter was for a loss of 11 cents per
share. Wall Street expected results to range from -15 cents
to -9 cents per share.
    * Revenue rose 5.9% to $553.43 million from a year ago;
analysts
expected $508.00 million. 
    * Mercer International Inc shares had risen by 8.2% this
quarter and gained 13.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 70.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"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 $10.50 
This summary was machine generated from LSEG data May 9 at 09:49
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
 Mar. 31 2024      -0.11          -0.25          Missed
 Dec. 31 2023      -0.54          -0.80          Missed
 Sep. 30 2023      -0.76          -0.39          Beat
 Jun. 30 2023      -0.66          -1.48          Missed