MRC Global Inc reports results for the quarter ended in December - Earnings Summary

MRC Global

13/02/2024 23:25

* MRC Global Inc  MRC.N  reported quarterly adjusted
earnings of
23 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 32 cents.  The mean expectation of five analysts for the
quarter was for earnings of 12 cents per share. Wall Street
expected results to range from 11 cents to 13 cents per share.
    * Revenue fell 11.6% to $768.00 million from a year ago;
analysts
expected $811.22 million. 
    * MRC Global Inc's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of $15 million.
    * MRC Global Inc shares had fallen by 1.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for MRC Global Inc is
$13.50 
This summary was machine generated from LSEG data February 13 at
11:24 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
 Dec. 31 2023      0.12           0.23           Beat
 Sep. 30 2023      0.36           0.32           Missed
 Jun. 30 2023      0.39           0.25           Missed
 Mar. 31 2023      0.31           0.32           Beat