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

Mercer International

02/11/2023 21:52

* Mercer International Inc  MERC.OQ  reported a quarterly
adjusted
loss of 39 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of $1.00.  The mean expectation of four analysts for the
quarter was for a loss of 76 cents per share. Wall Street
expected results to range from $-1.06 to -59 cents per share.
    * Revenue fell 11.6% to $470.82 million from a year ago;
analysts
expected $457.50 million. 
    * Mercer International Inc shares had fallen by 10.8% this
quarter and lost 34.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 309.4% 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," 3
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Mercer
International Inc is $8.25 

This summary was machine generated from LSEG data November 2 at
09:51 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.48           0.30           Missed