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

MRC Global

08/05/2023 23:09

* MRC Global Inc  MRC.N  reported quarterly adjusted
earnings of
33 cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
31 cents per share.
    * Revenue rose 19.3% to $885.00 million from a year ago;
analysts
expected $855.20 million. 
    * MRC Global Inc's reported EPS for the quarter was 33
cents​.
    * The mean earnings estimate of analysts had fallen by
about 17.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * MRC Global Inc shares had fallen by 8.8% this quarter and
lost 23.5% so far this year.
    * The company reported quarterly net income of $28 million.
    * Wall Street's median 12-month price target for MRC Global
Inc is
$15.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
8 at 10:09 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.31           0.33           Beat
 Dec. 31 2022      0.28           0.32           Beat
 Sep. 30 2022      0.31           0.42           Beat
 Jun. 30 2022      0.25           0.27           Beat