Minerals Technologies Inc expected to post earnings of $1.25 a share - Earnings Preview

Minerals Technologies

30/01/2024 21:15

* Minerals Technologies Inc  MTX.N   MTX  is expected
to show a
fall in quarterly revenue when it reports  results on February 1
for the period ending December 31 2023
    * The New York City-based  company is expected to report a
0.2% decrease in revenue to $506.667 million from $507.6 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Minerals Technologies
Inc is
for earnings of $1.25 per share. The company's EPS guidance on
October 27 2023, for the period ended December 31, was between
$1.20 and $1.30 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Minerals
Technologies Inc is $83.00​, above​ its last closing price
of $66.64. ​​​

The company's guidance on October 27 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD65 million and USD70 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.32        1.32       1.49      Beat    13.3
 Jun. 30 2023  1.27        1.26       1.31      Beat    3.8
 Mar. 31 2023  1.04        1.04       1.14      Beat    9.4​
 Dec. 31 2022  1.19        1.19       0.67      Missed  -43.8
 ​​Sep.        1.39        1.40       1.35      Missed  -3.2
 30 2022                                                
 Jun. 30 2022  1.45        1.45       1.50      Beat    3.3​
 Mar. 31 2022  1.25        1.25       1.36      Beat    8.6
 Dec. 31 2021  1.21        1.21       1.25      Beat    3
 This summary was machine generated January 30 at 21:15 GMT.  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)