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

MRC Global

07/08/2024 01:46

* MRC Global Inc  MRC.N  reported quarterly adjusted
earnings of
26 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 25
cents.  The mean expectation of five analysts for the quarter
was for earnings of 26 cents per share. Wall Street expected
results to range from 25 cents to 27 cents per share.
    * Revenue fell 4.5% to $832.00 million from a year ago;
analysts
expected $831.32 million. 
    * MRC Global Inc's reported EPS for the quarter was 28
cents​.
    * The company reported quarterly net income of $24 million.
    * MRC Global Inc shares had risen by 0.7% this quarter and
gained 18.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4% 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 4 "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
$16.00 
This summary was machine generated from LSEG data August 7 at
12:46 a.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      0.26           0.26           Met
 Mar. 31 2024      0.14           0.20           Beat
 Dec. 31 2023      0.12           0.23           Beat
 Sep. 30 2023      0.36           0.32           Missed